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T H I S D AY • MONDAY, OCTOber 3, 2016 37
MArKeT NeWS
Operators to Uplift Capital Market for Optimum BenefitsGoddy Egene
Operators in the Nigerian capital market are to work more closely together in order to uplift the market in particular and the financial system in general. The President of the Chartered Institute of Stockbrokers (CIS), Mr. Oluwaseyi Abe, disclosed the resolve of more cooperation among market operators while speaking during his investiture ceremony in Lagos last week.
According to him, notwithstanding the challenges
of the capital market and economy at large, they at CIS are poised to deploy creative solutions and work in concerted efforts with other stakeholders including the federal government, Central Bank of Nigeria, Securities and Exchange Commission (SEC), Nigerian Stock Exchange, NASD OTC Securities Exchange, FMDQ OTC Securities Exchange and others toward uplifting the capital market in particular and the financial system in general.
He said the importance of the financial system cannot be
overemphasized, noting that it is the axle on which the wheel of the economy revolves.
“A robust financial system engenders a stable macro-economy all things being equal and the capital market is one of the most important drivers of economic growth and development. It is a major source of funding for infrastructure with strong socio-economic impact and there is a correlation between a robust capital market and accelerated growth,” Abe said.
The CIS boss stated that the
mechanism of the capital market, among other benefits, helps to catalyse industrial growth faster.
“It also helps economies to achieve inclusive growth through greater employment opportunities and attracts foreign portfolio investments, which in turn, could trigger inflows of foreign direct investments, the much needed patient and capital which is critical for growth and development,” he added.
Abe noted that the capital market is having its share of the economic blues and also
going through challenging times, citing three major factors as being responsible.
According to him, the factors are: the adverse macro-economic scenario, negative public sentiments which is compounded by a low-level of capital market literacy, and retreat of foreign portfolio investors due to the hitherto adverse fixed foreign exchange regime.
He said the new leadership of CIS has developed some strategic initiatives to place the capital market on a stronger
stead, of which education and communication will play a major role.
“Among others, we shall be rebranding our profession to regain the real status in the business community; pursue aggressive membership drive through collaboration and partnership with major educational institutions and professional bodies of which some have already signed memorandum of understanding with us and adopted securities studies in their curriculum,” he said.
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
M U T U A L F U N D S / U N I T T R U S T SAFRINVEST ASSET MANAGEMENT LTD [email protected]: www.afrinvest.com; Tel: +234 1 270 1680 Fund Name Bid Price Offer Price Yield / T-RtnAfrinvest Equity Fund 125.43 125.98 12.23%Nigeria International Debt Fund 215.85 216.59 7.82%ALTERNATIVE CAPITAL PARTNERS LTD [email protected]: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-RtnACAP Canary Growth Fund 0.68 0.69 10.18%
AIICO CAPITAL LTD [email protected]: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn
AIICO Money Market Fund 100.00 100.00 14.42%
ARM INVESTMENT MANAGERS LTD [email protected]: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276)Fund Name Bid Price Offer Price Yield / T-RtnARM Aggressive Growth Fund 12.97 13.37 6.47%ARM Discovery Fund 295.76 304.68 5.82%ARM Ethical Fund 22.90 23.60 3.89%
ARM Money Market Fund 1.00 1.00 11.52%
AXA MANSARD INVESTMENTS LIMITED [email protected]: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-RtnAXA Mansard Equity Market Fund 100.99 101.63 1.31%
AXA Mansard Money Market Fund 1.00 1.00 11.60%
CHAPELHILL DENHAM MANAGEMENT LTD [email protected]: www.chapelhilldenham.com, Tel: +234 461 0691Fund Name Bid Price Offer Price Yield / T-RtnNigeria Global Investment Fund 2.09 2.14 2.67%Paramount Equity Fund 9.49 9.73 -3.71%
Women's Investment Fund 82.49 84.60 1.70%
FBN CAPITAL ASSET MANAGEMENT LTD [email protected]: www.fbnquest.com; Tel: +234-81 0082 0082Fund Name Bid Price Offer Price Yield / T-RtnFBN Fixed Income Fund 1,102.79 1,103.87 1.91%FBN Heritage Fund 115.10 115.62 5.84%
FBN Money Market Fund 100.00 100.00 10.03%
FBN Nigeria Eurobond (USD) Fund - Institutional $104.96 $105.67 5.32%FBN Nigeria Eurobond (USD) Fund - Retail $104.89 $105.61 5.25%
FBN Nigeria Smart Beta Equity Fund 112.87 114.40 13.64%
FIRST CITY ASSET MANAGEMENT LTD [email protected]: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-RtnLegacy Equity Fund 0.94 0.96 4.40%
Legacy Short Maturity (NGN) Fund 2.49 2.49 7.24%
FSDH ASSET MANAGEMENT LTD [email protected] Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-RtnCoral Growth Fund 2,245.03 2,273.47 3.24%
Coral Income Fund 2,028.52 2,028.52 7.25%
INVESTMENT ONE FUNDS MANAGEMENT LTD [email protected]: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn
Vantage Guaranteed Income Fund 1.00 1.00 11.11%
Vantage Balanced Fund 1.64 1.66 0.72%
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.
An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
floor of the Nigerian Stock Exchange.A REIT (Real Estate Investment Trust) is an
investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.
GUIdE To dATA:date: All fund prices are quoted in Naira as at 29-Sep-2016, unless otherwise stated.
offer price: The price at which units of a trust or ETF are bought by investors.Bid Price: The price at which Investors redeem (sell) units of a trust or ETF.
Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.NAV: Is value per share of the real estate assets held by a REIT on a specific date.
LOTUS CAPITAL LTD [email protected] Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-RtnLotus Halal Investment Fund 1.00 1.02 12.63%Lotus Halal Fixed Income Fund 980.90 980.90 -1.91%MERISTEM WEALTH MANAGEMENT LTD [email protected] Web: www.meristemwealth.com ; Tel: +234 1-4488260Fund Name Bid Price Offer Price Yield / T-RtnMeristem Equity Market Fund 10.09 10.18 3.13%Meristem Money Market Fund 10.00 10.00 12.97%PAC ASSET MANAGEMENT LTD [email protected]: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-RtnPACAM Balanced Fund 1.02 1.04 -2.88%SCM CAPITAL LIMITED [email protected]: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-RtnSCM Capital Frontier Fund 107.56 108.57 5.71%SFS CAPITAL NIGERIA LTD [email protected]: www.sfsnigeria.com, Tel: +234 (01) 2801400Fund Name Bid Price Offer Price Yield / T-RtnSFS Fixed Income Fund 1.21 1.21 7.41%STANBIC IBTC ASSET MANAGEMENT LTD [email protected] Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDSFund Name Bid Price Offer Price Yield / T-RtnStanbic IBTC Balanced Fund 1,817.56 1,828.54 8.24%Stanbic IBTC Bond Fund 150.27 150.27 2.17%Stanbic IBTC Ethical Fund 0.81 0.82 8.67%Stanbic IBTC Guaranteed Investment Fund 178.65 178.65 5.28%Stanbic IBTC Iman Fund 137.88 139.58 1.89%Stanbic IBTC Money Market Fund 100.00 100.00 14.21%Stanbic IBTC Nigerian Equity Fund 7,878.81 7,984.00 9.62%UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.comWeb: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-RtnUnited Capital Balanced Fund 1.17 1.18 9.95%United Capital Bond Fund 1.26 1.26 17.04%United Capital Equity Fund 0.77 0.79 3.48%United Capital Money Market Fund 1.00 1.00 13.00%ZENITH ASSETS MANAGEMENT LTD [email protected]: www.zenith-funds.com; Tel: +234 1-2784219Fund Name Bid Price Offer Price Yield / T-RtnZenith Equity Fund 10.04 10.22 5.09%Zenith Ethical Fund 11.57 11.69 0.93%Zenith Income Fund 16.42 16.42 2.40%
R E I T S Fund Name NAV Per Share Yield / T-RtnFSDH UPDC Real Estate Investment Fund 11.43 2.69%SFS Skye Shelter Fund 121.92 5.24%
E X C H A N G E T R A D E D F U N D SFund Name Bid Price Offer Price Yield / T-RtnLotus Halal Equity Exchange Traded Fund 9.16 9.26 -4.36%Stanbic IBTC ETF 30 Fund 80.47 81.99 -3.31%VETIVA FUND MANAGERS LTD [email protected]: www.vetiva.com; Tel: +234 1 453 0697Fund Name Bid Price Offer Price Yield / T-RtnVetiva Banking Exchange Traded Fund 2.78 2.82 20.17%Vetiva Consumer Goods Exchange Traded Fund 7.43 7.51 16.17%Vetiva Griffin 30 Exchange Traded Fund 12.82 12.96 2.30%Vetiva Industrial Goods Exchange Traded Fund 18.20 18.40 -5.23%Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund - - -
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS