The Stanbic IBTC Ethical Fund is Nigeria’s first quoted socially responsible mutual fund that allows subscribers to make profitable investments without compromising their religious beliefs and/or principles. Launched in 2005, the primary objective of The Ethical 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.
The Ethical Fund follows a socially responsible approach to investing and excludes investments in Breweries and Tobacco sectors of The Nigerian Stock Exchange as well as companies whose activities are considered harmful to the society.
The Ethical Fund’s objective 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. Subscriptions to The Fund are processed 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 unit holding may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term without compromising religious beliefs and principles.
Summary
The first Ethical fund in the history of the Nigerian capital market.
Allows subscribers to make a profitable investment without compromising their religious beliefs and principles.
Invests at least 75% of its assets in selected equities of Nigerian quoted companies, while retaining a maximum of 25% in quality fixed income securities.
The minimum application to The Ethical Fund is N50,000 and subsequent investments of N20,000.00.
Subsequent investments can be made via Direct Debit.
Quoted in 2005
Initial Price: N1.00 (Nominal Value)
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.
Subscription Forms can also be obtained from Stanbic IBTC regional offices, banks and authorised stockbrokers nationwide listed in the Prospectus.
Please make draft payable to our location to which your application is being forwarded.
Send the cheque and completed Subscription Form and other documents to any of our offices in Lagos, Abuja, or Port-Harcour, 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.
We expect a slight upswing in the market by the end of this week — a reversal of the market trend in the last week of February.
Valuations continue to support long positions in the real and financial sectors and we thus expect a marginal climb in the ASI. However, given the level of political uncertainty in the country, we do not believe that institutional investors will come into the market with full force.Full Story.
