This is the largest open-ended mutual fund in Nigeria with a net asset value in excess of several billions under management. Launched in 1997, the Fund has outperformed the All Share index of the Nigerian Stock Exchange for 8 out of its 10 years of operation. This is achieved by investing at least 75% of The Fund's assets in equities of blue chip companies listed on The Nigerian Stock Exchange while retaining a maximum of 25% of its total assets in money market instruments.
The Fund’s performance since 1997 confirms our expertise in funds management. The Stanbic IBTC Nigerian Equity Fund has directly and indirectly assisted in public enlightenment and increased awareness about stock market investments.
The Stanbic IBTC Nigerian Equity Fund was launched on 28 February 1997 at a par value of N1,000.00 per unit. The primary objective of The Equity Fund is to achieve long-term capital appreciation of its assets by investing in a carefully selected portfolio of high quality equity securities quoted on the Nigerian Stock Exchange and in other securities approved by the Securities & Exchange Commission.
Units of The Fund are issued at the prevailing offer price as is equivalent to the monetary value of subscription. The Fund is re-valued at the end of each working day to reflect any changes in the price of the underlying stocks. This means that the value of units held may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term.
Summary
The Fund was started in 1997.
Initial Price: N1,000 (Nominal Value)
Portfolio Allocation
Maximum 25% Money Market
Minimum 75% Capital Market
Minimum Investment: N50,000 and subsequent investment of N20,000.00
Subsequent investments can be made via Direct Debit
Largest Mutual Fund in Nigeria today.
How to Invest in The Stanbic IBTC Ethical Fund
Fill in a Subscription Form and issue a cheque or draft for the cost of Units applied for.
Please make a draft payable to name place of the Fund (i.e Stanbic IBTC Equity Fund)
Send the cheque and completed Subscription Form and other documents to any of our offices in Lagos, Abuja, or Port-Harcourt, or any branch of Stanbic IBTC Bank Plc.
Within 5 days, we will send you an email confirming purchase of units and telling you how to log in to your account.
In our view, the market could continue on a positive note, in line with its performance last week. In spite of the initial scepticism that met the banking sector reforms, improved transparency appears to be boosting investor confidence. Full Story.
