ETF

Exchange Traded Funds

Meristem Growth Exchange Traded Fund

The Meristem Growth ETF (MERGROWTH) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM GROWTH INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index.

The Index is composed of highly liquid companies which qualify as growth stocks by virtue of their historical revenue and earnings growth rate, non-cyclical nature, and potential for sustainable growth over the medium-term.

A portion of income earned on the Fund is distributed to qualified unitholders at the end of each financial year.

  • Fund Facts
  • Fund Holdings Breakdown
  • Price and Performance
  • Documents

Fund Ticker: MERGROWTH
ISIN: NGMERGROWTH1
Stock Exchange: The Nigerian Exchange Limited
Benchmark Index Ticker: NGX- Meri Growth Index
Benchmark Index Provider: Meristem Securities Limited
Fund Manager: Meristem Wealth Management Limited
Listing/Inception Date: September 2020
Index Review and Fund Rebalancing Periods: Semiannually; June and December.
Investment Strategy: Passive Management.

TICKER COMPANY
CAP CAP PLC.
DANGCEM DANGOTE CEMENT PLC.
ETERNA ETERNA PLC.
FBNH FBN HOLDINGS PLC.
GLAXOSMITH GLAXO SMITHKLINE CONSUMER NIG. PLC.
GTCO GUARANTY TRUST HOLDING COMPANY PLC
GUINNESS GUINNESS NIG PLC
JAIZBANK JAIZ BANK PLC
JBERGER JULIUS BERGER NIG. PLC.
NAHCO NIGERIAN AVIATION HANDLING COMPANY PLC
NEM NEM INSURANCE PLC
OKOMUOIL OKOMU OIL PALM PLC.
PRESCO PRESCO PLC
PZ P Z CUSSONS NIGERIA PLC
SEPLAT SEPLAT ENERGY PLC
TRANSCORP TRANSNATIONAL CORPORATION PLC
VITAFOAM VITAFOAM NIG PLC.

*Performance Data as at- 30/06/2022

FUND
YEAR-TO-DATE RETURN
INCEPTION TILL DATE
Meristem Growth ETF 21.93% 53.95%

*Daily Price Data

FUND
OFFER PRICE (NGN)
BENCHMARK INDEX
Meristem Growth ETF 17.20 NGX-MERISTEM GROWTH INDEX

Meristem Value Exchange Traded Fund

The Meristem Value ETF (MERVALUE) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM VALUE INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index.

The Index is composed of highly liquid companies which qualify as value stocks by virtue of their dividend yield, historical and future earnings yield, and book to price ratio. Value stocks are considered to trade below their intrinsic value, thus creating opportunities for profit.

A portion of income earned on the Fund is distributed to qualified unitholders at the end of each financial year.

  • Fund Facts
  • Fund Holdings Breakdown
  • Price and Performance
  • Documents

Fund Ticker: MERVALUE
ISIN: NGMERVALUE06
Stock Exchange: The Nigerian Exchange Limited
Benchmark Index Ticker: NGX- Meri Value Index
Benchmark Index Provider: Meristem Securities Limited
Fund Manager: Meristem Wealth Management Limited
Listing/Inception Date: September 2020
Index Review and Fund Rebalancing Periods: Semiannually; June and December.
Investment Strategy: Passive Management.

TICKER COMPANY
CADBURY CADBURY NIGERIA PLC
CONOIL CONOIL PLC.
DANGSUGAR DANGOTE SUGAR REFINERY PLC
FCMB FCMB GROUP PLC
FIDELITYBK FIDELITY BANK PLC
FLOURMILL FLOUR MILLS NIG. PLC.
LIVESTOCK LIVESTOCK FEEDS PLC.
STERLNBANK STERLING BANK PLC.
UACN U A C N PLC.
UBA UNITED BANK FOR AFRICA PLC .
UCAP UNITED CAPITAL PLC.
ZENITHBANK ZENITH BANK PLC

*Performance Data as at- 30/06/2022

FUND
YEAR-TO-DATE RETURN
INCEPTION TO DATE
Meristem Value ETF 3.99% 78.55%

*Daily Price Data

FUND
OFFER PRICE (NGN)
BENCHMARK INDEX
Meristem Value ETF 16.50 NGX-MERISTEM GROWTH INDEX

Benefits of Investing in Meristem Exchange Traded Fund

  • Low transaction cost benefits compared to owning and trading individual securities on the exchange.
  • Limits company-specific risk associated with single stocks thus providing a cost-effective method of diversification.
  • Exposure to growth stocks or value stocks in your investment portfolio.
  • Capital gains – price appreciation of stocks.
  • Dividend Income.
  • In-kind creation and redemption of ETF units- Exchange of underlying stocks for ETF units.