Vetiva fund managers to lists VS&P ETF on NSE

Vetiva Fund Managers limited is making plans to list the Vetiva S&P Nigerian Sovereign Bond Exchange Traded Fund (“VS&P ETF”) on the floor of the Nigerian Stock Exchange (NSE).

This is following clearance of the offer documents for the proposed Vetiva S&P Nigerian Sovereign Bond

Exchange Traded Fund VS&P ETF by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE).

Consequently, Vetiva Fund Managers Limited has announced the successful hosting of the signing ceremony in respect of the proposed Initial Offer for subscription to the VS&P ETF.

The Board of Directors of Vetiva and the relevant professional parties were present to execute the offer documents during the signing ceremony.

Vetiva, upon receipt of final approval from the SEC, plans to list the VS&P ETF on the floor of the Nigerian Stock Exchange. This would be the first Bond ETF to be listed on the floor of the NSE, and it would present an opportunity for investors to access Nigerian Federal Government Bonds in retail lots.

Vetiva listed the first equity Exchange Traded Fund (The Vetiva Griffin 30 ETF, which tracks the performance of the NSE 30 Index) in March 2014. Vetiva also listed the first set of Sectoral Exchange Traded Funds (the Vetiva Banking ETF, Vetiva Consumer Goods ETF and Vetiva Industrial Goods ETF) in October 2015.

Vetiva Fund Managers Limited is registered with the Securities & Exchange Commission to carry out business as Fund/Portfolio Manager. The Company is primarily engaged in Fund and Asset Management through sponsoring and issuance of Mutual Funds, Exchange Traded Funds and other Collective Investment Schemes as well as Private Wealth Management.

HOPE MOSES-ASHIKE