The Nigerian Stock Exchange (NSE) is to increase its product offerings with plans to list Vetiva Griffin 30 Exchange Traded Fund this month.
According to the NSE, Vetiva Griffin 30 Exchange Traded Fund (VG 30 ETF) is an open-ended fund to be listed on the Exchange.
The NSE 30 Index comprises of the top 30 companies listed on the NSE in terms of market capitalization and liquidity and is a price index weighted by adjusted market capitalisation. The VG 30 ETF is designed to track the performance of the constituent companies of the NSE 30 Index and to replicate the price and yield performance of the Index.
Listing of the VG 30 ETF is anticipated to help advance investor market in Nigeria by further broadening the choice of asset classes open to local investors.
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