Meristem Wealth Management Limited has listed its twin Exchange Traded Funds (ETFs) on the Nigerian Stock Exchange (NSE), paving the way for existing and new investors to trade on the open-ended fund.
A total of 50 million units at N10 each of Meristem Growth Exchange Traded Fund and Meristem Value Exchange Traded Fund were admitted to the official list at the NSE.
The ETFs provide investors with opportunity to diversify their assets and benefit from professionally managed funds.
Meristem Wealth Management Limited, the wealth management subsidiary of Meristem Group, had offered 50 million units of N10 each in its Meristem Growth Exchange Traded Fund and another 50 million units of N10 each under its Meristem Value Exchange Traded Fund.
The Meristem Growth Exchange Traded Fund tracks growth stocks on the Nigerian stock market while the Meristem Value Exchange Traded Fund tracks value stocks, providing investors opportunities to earn above average returns from the basket of underlying stocks.
Meristem explained that the ETFs are style indices which provide investors with a wide array of diversified stocks, professionally selected after satisfying the criteria.
Managing Director, Meristem Wealth Management, Sulaiman Adedokun; said Meristem is seeking new and innovative ways to create wealth opportunities for clients.
He explained that as a way of adding unique value to investors, Meristem Growth ETF is designed to track growth stocks while Meristem Value ETF will track value stocks.
“This strategy avails investors a dual purpose, with an investment style that allows them to meet specific need using abroad product portfolio,” Adedokun said.
He noted that the Meristem ETF can be described as “The Jack of the Trade” as it offers investors opportunities to achieve their investment desires in the equity market while shielding them from excessive risk.
According to him, the indices being tracked by the ETFs are reviewed semi-yearly, to ensure that all stock selected under each index keeps delivering on their promise.
Head, Asset Management, Meristem,Taiwo Yusuf explained that ETFs earn the underlying dividends of their constituent stocks and the dividends are paid net of all fees.
Head, Wealth Management, Meristem, Damilola Hassan added that Meristem ETFs offer hassle-free and cost-effective investment option to investors.
“With a minimum of N10,000, investors can have access to a wide range of stocks across different sectors including banking, industrial goods, conglomerate, agricultural sectors and a host of others that meet their investment style criteria,” Hassan said.