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Vetiva Fund Managers further deepens ETF Market

Following the final approval from the Se­curities and Exchange Commission(SEC), Vetiva Fund Managers Limited is to list three Exchange Trad­ed Funds(ETFs) anchored on the NSE Banking In­dex, NSE Consumer Goods Index and NSE Industrial Index.

A statement from the company lists the three ETFs as Vetiva Banking Exchange Traded Fund (VB ETF), Vetiva Con­sumer Goods Exchange Traded Fund (VCG ETF) and the Vetiva Industrials Exchange Traded Fund (VI ET).

Already, the signing cer­emony of their proposed initial offer for subscription has been held by the fund managers to herald their de­but. Recall that Vetiva listed the first equity ETF, the Vet­iva Griffin 30 ETF, which tracks the performance of the NSE 30 Index on the Exchange, in March 2014.

“Vetiva are leading the way in the ETF Market, their innovation will further deepen Market liquidity and bring in more Portfolio Investment to the Exchange” said Mr Gbite Oduneye, CEO of A&O Acquisitions

The statement from the company read in part:

“Following the receipt of the Securities and Ex­change Commission clear­ance of the offer documents in respect of the proposed initial offer for subscription of three Exchange Traded Funds i.e. the Vetiva Bank­ing Exchange Traded Fund (VB ETF), the Vetiva Con­sumer Goods Exchange Traded Fund (VCG ETF) and the Vetiva Industrials Exchange Traded Fund (VI ETF), Vetiva Fund Manag­ers Limited is pleased to an­nounce the successful host­ing of the signing ceremony in respect of the proposed Initial Offer.

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

Vetiva Fund Manag­ers Limited, upon receipt of final approval from the Securities and Exchange Commission, plans to list the Exchange Traded Funds based on the NSE Bank­ing Index, NSE Consumer Goods Index and NSE In­dustrial Index respectively on the floors of the Nigerian Stock Exchange.

“Vetiva listed the first equity Exchange Traded Fund (the Vetiva Griffin 30 ETF, which tracks the per­formance of the NSE 30 In­dex) on the Nigerian Stock Exchange, in March 2014.

“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 Collective Invest­ment Schemes, Exchange Traded Funds and pub­licly or privately Managed Funds.”

Company Press Release

PRESS RELEASE: VETIVA FUND MANAGERS LIMITED HOLDS SIGNING CEREMONY IN RESPECT OF THE PROPOSED INITIAL OFFER FOR SUBCRIPTION OF THE VETIVA SECTOR SERIES EXCHANGE TRADED FUNDS 

Following the receipt of the Securities and Exchange Commission clearance of the Offer Documents in respect of the proposed initial offer for subscription of 3 Exchange Traded Funds i.e. The Vetiva Banking Exchange Traded Fund (“VB ETF”), The Vetiva Consumer Goods Exchange Traded Fund (“VCG ETF”) and The Vetiva Industrials Exchange Traded Fund (“VI ETF”), Vetiva Fund Managers Limited (“Vetiva”)  is pleased to announce the successful hosting of the signing ceremony in respect of the proposed Initial Offer. 

The Board of Directors of Vetiva Fund Managers Limited and relevant professional parties, were present to execute the Offer documents during the signing ceremony.

Vetiva Fund Managers Limited, upon receipt of final approval from the Securities and Exchange Commission, plans to list the Exchange Traded Funds based on the NSE Banking Index, NSE Consumer Goods Index and NSE Industrial Index respectively, on the floors of the Nigerian Stock Exchange.

Vetiva listed the first equity Exchange Traded Fund (The Vetiva Griffin 30 ETF, which tracks the performance of the NSE 30 Index) on the Nigerian Stock Exchange in March 2014. 

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 Collective Investment Schemes, Exchange Traded Funds and publicly or privately Managed Funds.

VETIVA FUND MANAGERS LIMITED

LAGOS, NIGERIA

7TH JULY, 2015

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