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The chief executive officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola has said, the Nigerian equities market would see a renewal in Exchange Traded
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Mutual funds are a great way to get into the capital market as a retail investor, a great way to have a diversified investment portfolio and a great way to have your portfolio managed on your behalf by professional asset managers.
But as they say, there is no free lunch. Nothing good comes easy and whatever you are eating thinking it is free, think once, think twice, someone somewhere is paying for it somehow.
In one of my recent articles, I noted that the cost of a mutual fund is one of the major factors investors in the United States consider when choosing a fund. Apparently, that should be said of Nigerian investors as well. However, more often than not, people invest in mutual funds either without looking at the cost before, while or after investing.
Goddy Egene
Vetiva Fund Managers Limited has announced the final distributions for three of its exchange traded funds (ETFs) for the full year ended December 31, 2020.
They are the Vetiva Griffin 30 ETF; Vetiva S&P Bond ETF, and Vetiva Banking ETF. While investors in Vetiva Griffin 30 ETF will receive of N0.65 per unit, those in Vetiva S&P Bond ETF and Vetiva Banking ETF will get N15.30 per unit and N0.15 per unit respectively.
According to the company, the distribution will be paid to unit holders whose names appear in the relevant Register of Unit Holders as at 5.00pm on Thursday, 17th June 2021.