The Meristem Growth ETF (MERGROWTH) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM GROWTH INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index.
The Index is composed of highly liquid companies which qualify as growth stocks by virtue of their historical revenue and earnings growth rate, non-cyclical nature, and potential for sustainable growth over the medium-term.
A portion of income earned on the Fund is distributed to qualified unitholders at the end of each financial years.
*Performance Data as at- 30/06/2022
| Fund | Year-to-Date Return | Inception to Date |
|---|---|---|
| Meristem Growth ETF | 2.14% | 65.22% |
*Daily Price Data
| Ticker | Offer Price (NGN) | Benchmark Index |
|---|---|---|
| MERGROWTH | ₦ 142.50 | NGX MERISTEM GROWTH INDEX |
