Vetiva Fund Managers Limited (VFML) has rebalanced its suite of Exchange Traded Funds (ETFs) in line with the bi-annual review of the Nigerian Exchange Limited (NGX) indices.
This routine exercise ensures that the Vetiva Equity ETFs continue to accurately reflect the performance and composition of their respective underlying indices.
Exchange Traded Funds (ETFs) are investment securities designed to mirror the performance of a specific index, commodity, or basket of assets.
Vetiva’s ETF suite includes the Vetiva Griffin 30 ETF, Vetiva Banking ETF, Vetiva Consumer Goods ETF, Vetiva Industrial ETF, and the Vetiva S&P Nigerian Sovereign Bond ETF.
These funds respectively track the NGX 30 Index, NGX Banking Index, NGX ConsumerGoods Index, NGX Industrial Index, and the S&P/FMDQ Nigeria Sovereign Bond Index.
Read also: NGX records largest single day gain in 2025
Like regular stocks, the ETFs are listed and traded on the NGX, and investors can purchase units through any licensed stockbroker.
Speaking on the subject, Jesusetuntun Ajagun, a Portfolio Manager at VFML, explained that ETFs make it easy for investors to achieve their investment goals.
She noted that ETFs offer several advantages, such as diversification—meaning an investment in a singular ETF provides the investor access to a number of different underlying stocks/securities which invariably reduces risk.
She also said that ETFs are transparent because the indices they track and theconstituents of those indices are publicly available, so investors can easily see the constituents of each ETF.
Addressing specifically the inbound and outbound stocks following the rebalancing exercise, Ajagun stated that the NGX 30 index will be welcoming recently listed Aradel, and Wema Bank, while Conoil and Julius Berger will be heading in the opposite direction.
In the same manner, the NGX Consumer Goods index will see MCNichols come in, while Golden Guinea Breweries exits the index.
Other changes include the NGX Industrial index seeing Austin Laz & Company coming in, while Notore exits the index.
However, no changes were made to the individual components of the NGX Banking Index.
Ajagun further stated that Vetiva’s ETFs have closely mirrored the performance of the indices they track, reflecting general trends in the stock market.
She also presented information on some of the Vetiva Equity ETF year-to-date (YtD) performance as of June 2025, alongside data on the relevant indices being tracked.
As of June 30, 2025, the NGX 30 Index, NGX Banking Index and the NGX Consumer Goods Index returned 16.03 percent, 18.06 percent and 52.21 percent year-to-date respectively with similar price return reflected in the relevant ETFs tracking the indices.
Read also: C&I Leasing, Chams, RedStar, others push NGX-ASI higher by 0.28%
Notably, the Vetiva Griffin 30 ETF returned 17.55 percent, Vetiva Banking ETF returned 17.43 percent and Vetiva Consumer Goods ETF returned 52.33 percent in the same period.
She highlighted the cashflow benefit of ETFs, pointing out that the Vetiva Griffin 30 ETF has paid dividends every year since its listing in 2014 —making ETFs attractive to investors with income objectives.
