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 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 |
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 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