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.