NSE To List VG 30 Exchange Traded Fund

As part of its strategy to boost the capital market, the Nigerian Stock Exchange plans to expand its product offerings by officially listing the Vetiva Griffin 30 Exchange Traded Fund this month.

The VG 30 ETF is an open-ended fund designed to track the performance of constituent companies of the NSE 30 index and replicate the price and yield performance of the index.

The Executive Director in charge of Business Development at the Exchange, Mr Haruna Jalo-Waziri, expects that the listing would broaden the choice of asset classes open to local investors.

The Managing Director of Vetiva Fund Managers Limited, Mr. Damilola Ajayi is optimistic that investors will be given an ideal exposure to the Nigerian course by tracking the movement of the NSE 30 index.