Vetiva Fund Managers Limited (“Vetiva”) announces an interim distribution of 2.50 per unit of the Vetiva S&P Bond ETF for the period ended 30th June, 2017.
This will be the second distribution made by the Vetiva S&P Bond ETF since its listing on the Nigerian Stock Exchange (“NSE”) in October 2016. We note that the Fund paid its first distribution of 1.00 per unit in June 2017 for the period ended 31st December, 2016.
Speaking on the distribution, the Director, Asset Management of Vetiva Fund Managers Limited, Mrs. Oyelade Eigbe, commented that “the distributions are in line with the structure of the fund to remit distributions to Unit Holders twice a year”. Also, she mentioned that the Vetiva S&P Bond ETF continues to represent a convenient investment vehicle for exposure to Nigerian Federal Government Sovereign Bonds.
In addition, Mrs. Eigbe explained that “Prior to now, access to Federal Government long dated securities, in practical terms, has been restricted to institutions who can buy or sell wholesale lots of these securities. Even for individuals who purchase these securities from the Primary market, avenues to sell and trade at will are restricted. The Vetiva S&P Nigerian Sovereign Bond ETF however, gives all investors exposure to Federal Government Bonds for less than N150 per unit. This, with the ability to buy or sell at any time on the stock exchange, creates a convenient platform for every Nigerian to save and invest for the future.”
Vetiva Fund Managers Limited is a subsidiary of Vetiva Capital Management Limited and is registered with the Securities & Exchange Commission to carry on business as Fund/Portfolio Manager. Vetiva also manages a series of other Exchange Traded Funds, namely the Vetiva Banking ETF, Vetiva Consumer Goods ETF, Vetiva Industrial Goods ETF and the VG 30 ETF. These ETFs track the performance of the NSE Banking Index, NSE Consumer Goods Index, NSE Industrial Goods Index and the NSE 30 Index
