Month of August Recorded Inflow into the ETFs Market

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Friday, September 22, 2017/4:00PM/NSE

The month of August recorded inflows into the Exchange Traded Funds (ETFs) market in Nigeria, driving up market capitalization to N6.1Billion (+1.43%M-o-M from July levels). A flurry of distributions were recorded in the month of August as ETF managers paid out earned income in line with the distribution policies of the respective ETFs. Also, primary market interest from potential issuers was also notably on the rise.

Net Flows – Creation/Redemption

The Banking ETF topped the inflows list as Sector ETFs propelled primary market activity in the ETF market space. Investors added fresh inflows to the Banking, Consumer Goods and Industrial ETFs translating to 1.97% of the Sector ETF’s market capitalization and growing inflows from a nil position M-o-M.

A total of 1,100,000 units of the Vetiva Banking, 390,000 units of the Vetiva Consumer Goods and 65,000 units of the Vetiva Industrial ETFs were created and listed on the Nigerian Stock Exchange respectively.

Performance Board 
The VetGoods ETF, the only ETF providing exposure to the Consumer Goods sector, StanbicETF30 – an equity ETF which tracks the NSE 30 Index, and LotusHal15 – a Sharia’ah compliant ETF, tracking the NSE Lotus Islamic Index, topped the performance board returning 14.08%, 13.04% and 11.67% respectively. 

As shown by the Benchmarks, the NSE Consumer Goods Index outperformed all asset-tracking indices posting returns of 11.68% M-o-M, followed by Gold. The underlying equities and fixed income markets traded largely flat M-o-M within the period. 

We will continue to keep you up to date on all of the latest developments in the ETF Market segment. The Exchange remains fully committed to support the issuance of market beneficial ETFs, priced fairly and actively traded in the market thereby increasing portfolio diversification options for investors. 

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