NSE to List Additional 10 Million ETF Units

By August 14, 2019 Investment News

The Nigerian Stock Exchange is set to list an additional 10 million units of the Greenwich Alpha Exchange Traded Fund on its Daily Official List.

The Greenwich Alpha ETF units were originally listed at N100 each via an Initial Public Offering on the NSE.

Greenwich Alpha is an open-ended ETF, which tracks the NSE 30 Index; an index that constitutes 30 of the most liquid and capitalised stocks trading on the Exchange.

The Greenwich Alpha, according to the NSE, is designed to enable investors to obtain market exposure to the securities of the constituent companies of the NSE 30 index and to replicate the performance of the index.

The listing, according to a statement is scheduled for August 19, 2019, all things being equal.

 

Source: Punch