Wednesday, June 26, 2019   /10:30AM / By NSE / Header Image Credit:  Money Crasher

The Nigerian Stock Exchange (NSE), theleading market for Exchange Traded Funds (ETFs) in the West African region, hascommenced a three-day enlightenment campaign to increase investors’ awarenessand participation in the ETFs market.  The campaign which runs from June26 to 28, 2019, will see the Exchange engage investors through social media,radio, email and in-house workshop, on the benefits of ETFs as transparent andlow cost investment option.

Speaking on the campaign, Mr. Jude Chiemeka, Divisional Head, TradingBusiness Division, NSE, said that “this initiative is in line with the NSE’sstrategic objective of providing new and accessible opportunities for citizensto create durable wealth. The Exchange continues to showcase the benefits ofETFs as a sound and viable investment option to tap into the capital markets. Iam pleased with efforts made by ETF providers and advisers to create andintroduce more ETFs that align with the needs of institutional and retailinvestors thereby deepening the ETF market segment.”

ETFs are professionally managed vehiclesdesigned to give investors broad exposure to the market by tracking an index(market cap allocations) or specialized themes that consider factors such asvalue and growth investing (smart beta strategy). The ever-growing investmentvehicle gives institutional and individual investors access to a wide range ofasset classes such as stocks, bonds, commodities, real estate and investmentthemes, i.e. Shariah investing, sector bias, dividend yield and more.

ETFs can be purchased on the NSE just like Stocks and Bonds throughDealing Member Firms as well as online trading platforms. Investors are advisedto take advantage of the discounted trading fee regime offered by the ETFMarket Authorized Dealers – Stanbic IBTC Securities Limited and VetivaSecurities Limited which is open till the end of June 2019.

The Nigerian Stock Exchange (“NSE”) offers a fully electronic tradingplatform that delivers the benefits of transparency, tremendous speed andefficiency. In December 2011, the first ETF (tracking the price of Gold) waslisted on the Nigerian Stock Exchange’s ETF Board, since then a number ofequity and Fixed income ETFs have been introduced to the Nigerian bourse.

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