Vetiva Fund Manager Makes Final Distribution to ETFs Unit Holders

Vetiva Fund Managers Limited has announced the final distributions for three of its exchange traded funds (ETFs) for the full year ended December 31, 2020.

They are the Vetiva Griffin 30 ETF; Vetiva S&P Bond ETF, and Vetiva Banking ETF. While investors in Vetiva Griffin 30 ETF will receive of N0.65 per unit, those in Vetiva S&P Bond ETF and Vetiva Banking ETF will get N15.30 per unit and N0.15 per unit respectively.

According to the company, the distribution will be paid to unit holders whose names appear in the relevant Register of Unit Holders as at 5.00pm on Thursday, 17th June 2021.

Speaking on the distribution, the Director of Asset Management of Vetiva Fund Managers Limited, Mrs. Oyelade Eigbe said: “The distribution is in line with the structure of the Fund to remit distributions to unit holders. Also, the ETFs continue to represent convenient investment vehicles for broad exposure to the Nigerian equities market, Nigerian bond market and relevant sectors of interest via a single security.”

She explained that the Vetiva Griffin 30 ETF (the first equity-based ETF to be listed on the Nigerian Exchange Limited (NGX) is designed to track the performance of the constituent companies of the NSE 30 Index. The index is constituted of the top 30 companies listed on the NSE in terms of market capitalization and liquidity.

On the other hand, the Vetiva S&P Bond ETF is the first bond ETF to be listed on the NGX and the FMDQ and is designed to track the performance of the S&P/FMDQ Nigeria Sovereign Bond Index, which tracks the performance of local currency denominated sovereign debt publicly issued by the Federal Government of Nigeria.

The Vetiva Banking ETF is designed to track the performance of the NGX Banking Index. Other Exchange Traded Funds and mutual funds managed by Vetiva are the Vetiva Consumer Goods ETF, Vetiva Industrial Goods ETF and the Vetiva Money Market Fund.

The ETFs track the performance of the NGX Consumer Goods Index and NGX Industrial Goods Index respectively, whilst the Vetiva Money Market Fund invests in a diversified portfolio of money market instruments to meet its objective of capital preservation, liquidity and current income.

Vetiva Fund Managers Limited is a subsidiary of Vetiva Capital Management Limited and is registered with the Securities & Exchange Commission to carry out business as fund/portfolio manager.