The Lotus Halal ETF has recorded an annual return on investment of 15.6%, ranking as the third best performing Exchange Traded Fund in 2022.
NewsBeatng reports that the market capitalization gained 15.6% to close the year at N516.67 million.
Also, NGX Lotus II index gained 7.69% in the review year.
The Lotus Halal Equity Exchange Traded Fund “LHE ETF” is an open-ended fund that tracks the performance of the NGX-Lotus Islamic Index (NGXLII).
The fund is designed to enable investors to obtain market exposure to the securities of the constituent companies of the NGX-Lotus Islamic Index and to replicate the price and yield performance of the index.