Vetiva plans VS&P ETF listing on NSE, FMDQ platform

Vetiva Fund Managers Limited (Vetiva) plans to list its Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund (VS&P ETF) on the Nigerian Stock Exchange (NSE) and FMDQ platform.
This would be the first Bond ETF to be listed on the NSE, and it would present an opportunity for investors to access Nigerian Federal Government Bonds in retail lots thus providing an opportunity for every Nigerian to invest in Federal Government Bonds.
The ETF, when listed, will trade like any other stock and the Fund plans to effect distributions to its Unit Holders twice a year. Subsequent to listing, investors will be able to trade units of the Fund through any broker on the Nigerian Stock Exchange.
“The listing of the Vetiva S&P Exchange Traded Fund is in line with the Federal Government’s plan to enhance financial inclusion. For the first time in Nigeria, investors can now invest in Federal Government Bonds through a product that will be listed on the Nigerian Stock Exchange. There are also plans to list the VS&P ETF on the FMDQ Platform,” said Damilola Ajayi, Managing Director, Vetiva Fund Managers Limited.
Investors have till August 22 to participate in the ongoing initial offer for subscription of the Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund. Vetiva, upon receipt of final approval from the Securities & Exchange Commission (SEC), will be listing the VS&P ETF on the floors of the Nigerian Stock Exchange, the company said in a statement made available to INVESTOR.
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 (SEC) 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.