Thursday, February 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Best performing Nigerian Exchange Traded Funds for first week in May 2022

by e-Naira Online News
May 14, 2022
in Finance
Reading Time: 3 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Nigerian Exchange Traded Funds (ETFs) closed the week on a positive note with an average return on investment (ROI) of 1.74% as VCG ETF, Meristem Growth, and Greenwich Alpha ETF led the gainers’ chart.

This is according to analysis by Nairalytics based on data from the Securities and Exchange Commission (SEC).

According to the data from SEC, six of the twelve listed ETFs recorded positive returns, only three of them printed negative returns while the remaining three funds closed flat. Similarly, the market capitalization gained N148.9 million to close at N7.74 billion.

The market capitalization increased from N7.59 billion recorded as of 29th April 2022 to N7.74 billion by the end of the week (6th May 2022), representing a 2% week-on-week increase.

The performance of the ETFs during the week is following the bullish run recorded in the Nigerian equities market as the All-Share Index rallied 2.61% in the week under review, while the NGX 30 index printed a 3.34% gain. Most remarkable is the 7.21% gain of the NGX Consumer Goods index in the review week.

Here is how they performed:

VCG ETF – 5.62%

  • Vetiva Consumer Goods ETF printed a return of 5.62% during the week, as the offer price of a unit rose from N6.23 to N6.58 by the end of the week. On the other hand, the market capitalization declined by 6.97% to stand at N147.64 million.
  • The VCG ETF is an open-ended Exchange Traded Fund managed by Vetiva Fund Managers Limited. It is designed to track the performance of the constituent companies of the NGX Consumer Goods Index and to replicate the price and yield performance of the Index.
  • The NGX Consumer Goods Index comprises of the top 15 companies in the Food/Beverages and Tobacco sector listed on the Nigerian Stock Exchange (“NGX”) in terms of market capitalization and liquidity and is a price index weighted by adjusted market capitalization.

Meristem Growth ETF – 4.95%

  • The Meristem Growth ETF recorded a 4.95% in the unit price, representing the second-best performing Exchange Traded Fund in the week under review. Its market capitalization also grew by 3.36% to close the week at N199.48 million.
  • According to the company, the Meristem Growth ETF is designed to track growth stocks and is managed by Meristem Wealth Management Limited.

Greenwich ALPHA ETF – 3.88%

  • Greenwich ALPHA ETF ranked as the third best performing ETF in the week under review with an ROI of 3.88%. The fund which is managed by Greenwich Asset Management Limited also saw it market capitalization grow by 3.88% to stand at N618.1 million.
  • Greenwich Alpha is an open-ended ETF that tracks the NSE 30 Index, which is an index comprising 30 of the most liquid and capitalised stocks trading on the Exchange.
  • According to the company, the fund is designed to enable investors to obtain market exposure to the securities of the constituent companies of the NSE 30 index and to reproduce the performance of the index.

Bubbling under

  • Lotus Capital Halal ETF – 3.36%
  • VG 30 ETF – 3.26%
  • VI ETF – 3.23%

About Exchange Traded Funds

Exchange Traded Funds are tradable investment products (like stocks) whose returns track the performance of an underlying index. An ETF holds assets such as Equities, Bonds, Currencies, Commodities or Real Estate, etc and its return should closely align with the returns of the underlying index, save for trading costs, etc.

Related



Source link

Tags: ExchangefundsNigerianperformingTradedWeek
Previous Post

FMBN explains reasons for inconsistencies in NHF accounts for subscribers

Next Post

Discordant tunes persist as IOCs divestment gather steam | The Guardian Nigeria News

Related Posts

Finance

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

by e-Naira Online News
February 2, 2023
Finance

Tinubu distancing self from APC’s failure —Atiku’s aide

by e-Naira Online News
February 2, 2023
Finance

MTN Declares N10 Per Share Dividend As Revenue Hits N2.0trn

by e-Naira Online News
February 1, 2023
Finance

FG not fighting corruption to impress anyone — Mohammed

by e-Naira Online News
February 1, 2023
Finance

NDEP, Geo-Fluids Lift OTC Bourse by 0.06%

by e-Naira Online News
February 1, 2023
Next Post

Discordant tunes persist as IOCs divestment gather steam | The Guardian Nigeria News

Transcorp, GTCO, others lift market turnover by N27.2b — Business — The Guardian Nigeria News – Nigeria and World News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

NGX CEO says to strengthen partnerships, digital transformation, sustainability

January 26, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Nigeria, others to meet over development in oil sector | The Guardian Nigeria News

January 27, 2023

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

February 2, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

February 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.