The total value of investment in Exchange Traded Funds dropped by N1.9bn in one year.
Data from the Securities and Exchange Commission shows that the total value of investment in ETFs as at May 2018 stood N6.24bn.
After a space of one year, the value of investment dropped to N4.74bn
ETFs are professionally managed vehicles designed to give investors broad exposure to the market by tracking an index.
They give institutional and individual investors access to a wide range of asset classes such as stocks, bonds, commodities, real estate among others.
Advertisement
The Nigerian Stock Exchange said in a statement that it had commenced a three-day enlightenment campaign to increase investors’ awareness and participation in ETF market.
Related posts:
Foreign exchange drops by $1.09 billion in two weeks.
Migrants traded in “slave markets” in Libya, U.N. agency says
Tesla CEO Musk drops pursuit of $72 billion take-private deal
External Reserve drops by $1.09 billion – CBN
U.S agrees with Iran to exchange Americans for jailed Iranians, frozen funds
Airtel lists 3.7 billion shares on the Nigerian Stock Exchange
Niger State Pays N6 Billion Counterpart Funds To Partners
Ondo Approves 3.47 Billion RAMP Project Counterpart Funds
