Greenwich Trust Lists Greenwich Alpha ETF on NSE

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L – R shows Mr Dayo Obisan, Managing Director, Greenwich Asset Management Limited; Mr Tubosun Falowo, Group Executive Director, Greenwich Asset Management Limited; Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Sir Oluremi Festus Omotoso, Chairman, Greenwich Trust Limited; Dr Ayo Teriba, Non-Executive Director, Greenwich Asset Management Limited; Mr Tony Uponi , Non-Executive Director, Greenwich Asset Management Limited and Oluwatoyin Alake, Head, Secondary Markets, NSE during the listing of the Greenwich Alpha ETF (“Greenwich Alpha”) at the NSE.

The Nigerian Stock Exchange (NSE) has announced the listing of the Greenwich Alpha ETF (“Greenwich Alpha”) by Greenwich Asset Management Limited, on its Daily Official List. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019.

Greenwich Alpha is an open-ended ETF which tracks the NSE 30 Index; an index which constitutes 30 of the most liquid and capitalized stocks trading on the Exchange. It is designed for investors to access the constituent companies of the NSE 30 index, thereby getting the performance of the index.

Speaking at the listing, the Managing Director, Greenwich Asset Management Limited, Mr. Dayo Obisan, said, “The Greenwich Alpha ETF Fund is designed for and offered to investors seeking exposure to the Nigerian equities market, particularly to the constituents of the NSE-30 index. It offers the full benefits of diversification through a single transaction thereby reducing associated transaction cost and helping investors spread their risk. We will continue to encourage retail and institutional investment in this Fund based on its potentials.”

On his part, Mr. Jude Chiemeka, Head, Trading Business Division, NSE said, “We are delighted to welcome Greenwich Asset Management Limited to our growing list of ETF providers. Globally, ETFs continue to make an impact as effective tools for accessing the market, diversifying investments, and serves as an alternative investment solution for intermediaries to recommend to their clients.

As the leading stock exchange for listing and trading ETFs in West Africa, we will continue to lead innovation in the market as well as support the issuance of products and investment vehicles that meet the objectives of investors. We operate an efficient, orderly and transparent market based on cutting edge technology, to support product development efforts for the benefit of all investors.

We remain resolute in our commitment to partnering with all market stakeholders, to continue to build and develop the Nigerian capital market, while offering a wide range of investment vehicles for all investors”.

The Nigerian Stock Exchange, a company limited by guarantee, services the largest economy in Africa and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more.

The Nigerian Stock Exchange continues to evolve to meet the needs of its valued customers, and to achieve the highest level of competitiveness. It is an open, professional and vibrant exchange, and the Entrepreneurial Growth hub of Africa. The Nigerian Stock Exchange aspires to be Africa’s foremost securities exchange, connecting Nigeria, with the rest of Africa and the world.

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