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T H I S D AY • WEDNESDAY, AuguSt 16, 2017 41
mARKEt NEWS
Custodian and Allied Restates Commitment, Receives LCCI AwardGoddy Egene
Custodian and Allied Plc has restated its commitment to develop, package and deliver innovative insurance products that best satisfy customer needs while operating a highly profitable, efficient, resourceful and ethical organisation.
The Managing Director, Custodian Life Assurance Limited, a subsidiary of Custodian and Allied Group, Mr. Larry Ademeso, restated the commitment while receiving the ‘Insurance
Company of the Year’ award.The award was given
by the Lagos Chamber of Commerce & Industry (LCCI) at its recent annual award ceremony in Lagos.
Ademeso thanked the council and management of LCCI for considering them worthy of the award, saying the award would further propel them to improve their services to their various clients in a bid to enhance their financial performance for the benefit of their shareholders and other stakeholders in the insurance
industry.The MD, who gave a brief
profile of the company said: “Custodian and Allied is a holding company with leading specialist companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited and Crusader Sterling Pensions Limited; all rendering best in class services in its versatile fold.”
“The company is managed by a board of directors comprising thorough bred
professionals with proven track records in their various fields of endeavours, who bring broad and deep insights derived from several years of fruitful and eventful years of experience to bear,” he added.
According to him, the Custodian and Allied Group’s current asset base is in excess of N69.8 billion, adding that with a gross written premium of more than N25.7 billion, the group sits comfortably within the top bracket of eminent players in Nigeria’s other financial services sector
of the Nigerian Stock Exchange (NSE).
“The company’s vision is to become the African insurer of choice while its mission is to develop, and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organisation. Its goals are to position itself strategically in the market and are perceived as a modern, dynamic and resourceful underwriter as well as to strike a fine balance between the businesses of
sound underwriting, cost control and service on one hand and investment on the other among others,” he said.
Ademeso was accompanied by other senior executives of the company, which included CEO, Custodian Social Responsibility Foundation, Mrs. ‘Bunmi Aderemi, and Executive Director/Chief Underwriting Officer, Custodian and Allied Insurance Limited, Mr. Edeki Isujeh, and Executive Director, Custodian Life Assurance Limited, Mr. Ngozi Nlebemuo.
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.
An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
floor of the Nigerian Stock Exchange.A REIT (Real Estate Investment Trust) is an
investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.
GUIdE To dATA:date: All fund prices are quoted in Naira as at 14-Aug-2017, unless otherwise stated.
offer price: The price at which units of a trust or ETF are bought by investors.Bid Price: The price at which Investors redeem (sell) units of a trust or ETF.
Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.NAV: Is value per share of the real estate assets held by a REIT on a specific date.
M U T U A L F U N D S / U N I T T R U S T SAFRINVEST ASSET MANAGEMENT LTD [email protected]: www.afrinvest.com; Tel: +234 1 270 1680Fund Name Bid Price Offer Price Yield / T-RtnAfrinvest Equity Fund 173.63 173.63 173.63 Nigeria International Debt Fund 232.11 232.11 232.11 ALTERNATIVE CAPITAL PARTNERS LTD [email protected]: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-RtnACAP Canary Growth Fund 0.80 0.81 14.38%AIICO CAPITAL LTD [email protected]: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-RtnAIICO Money Market Fund 100.00 100.00 18.73%ARM INVESTMENT MANAGERS LTD [email protected]: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-RtnARM Aggressive Growth Fund 17.67 18.20 43.12%ARM Discovery Fund 369.03 380.15 28.50%ARM Ethical Fund 26.22 27.04 17.44%ARM Money Market Fund 1.00 1.00 18.16%AXA MANSARD INVESTMENTS LIMITED [email protected]: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-RtnAXA Mansard Equity Income Fund 145.45 146.47 38.28%AXA Mansard Money Market Fund 1.00 1.00 18.63%CHAPELHILL DENHAM MANAGEMENT LTD [email protected]: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-RtnChapelhill Denham Money Market Fund 100.00 100.00 19.60%Paramount Equity Fund 11.50 11.80 22.89%Women's Investment Fund 93.23 95.62 10.21%CORDROS ASSET MANAGEMENT LIMITED [email protected]: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-RtnCordros Money Market Fund 100.00 100.00 18.86%FBN CAPITAL ASSET MANAGEMENT LTD [email protected]: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-RtnFBN Fixed Income Fund 1,108.30 1,109.40 9.42%FBN Heritage Fund 142.51 143.78 27.85%FBN Money Market Fund 100.00 100.00 18.18%FBN Nigeria Eurobond (USD) Fund - Institutional $109.66 $110.59 6.61%FBN Nigeria Eurobond (USD) Fund - Retail $109.04 $109.97 6.75%FBN Nigeria Smart Beta Equity Fund 156.43 158.70 38.93%FIRST CITY ASSET MANAGEMENT LTD [email protected]: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-RtnLegacy Equity Fund 1.37 1.39 46.81%Legacy Short Maturity (NGN) Fund 2.83 2.83 9.98%FSDH ASSET MANAGEMENT LTD [email protected] Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-RtnCoral Growth Fund 2,905.32 2,958.54 31.94%Coral Income Fund 2,321.06 2,321.06 10.30%GREENWICH ASSET MANAGEMENT LIMITED [email protected]: www.gtlgroup.com ; Tel: +234 1 4619261-2Fund Name Bid Price Offer Price Yield / T-RtnGreenwich Plus Money Market Fund 100.00 100.00 14.39%INVESTMENT ONE FUNDS MANAGEMENT LTD [email protected]: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-RtnAbacus Money Market Fund 1.00 1.00 18.31%Vantage Balanced Fund 2.09 2.11 24.36%Vantage Guaranteed Income Fund 1.00 1.00 17.55%
LOTUS CAPITAL LTD [email protected] Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-RtnLotus Halal Investment Fund 1.12 1.14 13.33%Lotus Halal Fixed Income Fund 1,030.88 1,030.88 7.27%MERISTEM WEALTH MANAGEMENT LTD [email protected] Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260Fund Name Bid Price Offer Price Yield / T-RtnMeristem Equity Market Fund 13.29 13.39 37.47%Meristem Money Market Fund 10.00 10.00 19.10%PAC ASSET MANAGEMENT LTD [email protected]: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-RtnPACAM Balanced Fund 1.13 1.15 14.00%PACAM Fixed Income Fund 10.71 10.76 3.03%PACAM Money Market Fund 10.00 10.00 14.83%SCM CAPITAL LIMITED [email protected]: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-RtnSCM Capital Frontier Fund 124.44 130.09 24.49%SFS CAPITAL NIGERIA LTD [email protected]: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-RtnSFS Fixed Income Fund 1.35 1.35 8.33%STANBIC IBTC ASSET MANAGEMENT LTD [email protected] Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDSFund Name Bid Price Offer Price Yield / T-RtnStanbic IBTC Balanced Fund 2,172.03 2,184.23 18.61%Stanbic IBTC Bond Fund 161.94 161.94 5.18%Stanbic IBTC Ethical Fund 0.99 1.00 29.22%Stanbic IBTC Guaranteed Investment Fund 206.15 206.15 10.31%Stanbic IBTC Iman Fund 177.01 179.37 36.37%Stanbic IBTC Money Market Fund 100.00 100.00 18.56%Stanbic IBTC Nigerian Equity Fund 9,588.54 9,697.23 26.42%UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.comWeb: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-RtnUnited Capital Balanced Fund 1.30 1.31 16.14%United Capital Bond Fund 1.38 1.38 12.83%United Capital Equity Fund 0.86 0.88 27.77%United Capital Money Market Fund 1.10 1.10 3.63%ZENITH ASSETS MANAGEMENT LTD [email protected]: www.zenith-funds.com; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-RtnZenith Equity Fund 12.58 12.78 29.50%Zenith Ethical Fund 13.19 13.34 20.48%Zenith Income Fund 18.48 18.48 11.79%
R E I T S Fund Name NAV Per Share Yield / T-RtnFSDH UPDC Real Estate Investment Fund 11.41 1.01%SFS Skye Shelter Fund 129.51 4.47%
E X C H A N G E T R A D E D F U N D SFund Name Bid Price Offer Price Yield / T-RtnLotus Halal Equity Exchange Traded Fund 11.32 11.42 31.03%Stanbic IBTC ETF 30 Fund 109.32 111.39 44.27%VETIVA FUND MANAGERS LTD [email protected]: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Bid Price Offer Price Yield / T-RtnVetiva Banking Exchange Traded Fund 4.41 4.45 59.29%Vetiva Consumer Goods Exchange Traded Fund 9.49 9.57 34.79%Vetiva Griffin 30 Exchange Traded Fund 17.85 17.95 49.18%Vetiva Industrial Goods Exchange Traded Fund 22.76 22.96 42.43%Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 131.87 133.87 2.28%
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS
