The Vetiva Industrial ETF fund price closed the year 2022 at N24.13 per unit from N20.18 traded as of the beginning of the year, indicating an annual return of 19.6%.
NewsBeatng reports that the market capitalization also increased by 19.5% during the year to close at N252.53 million, compared to N211.27 million as of 31st December 2021.
Data from the Nigerian Exchange showed that the NGX industrial goods index printed an annual gain of 19.67% in 2022 compared to the 2.15% decline recorded in the previous year.
The Vetiva Industrial ETF “VETIND ETF” is an open-ended Exchange Traded Fund managed by Vetiva Fund Managers Limited. The VETIND ETF is designed to track the performance of the constituent companies of the NGX Industrial Index and to replicate the price and yield performance of the Index.
The NGX Industrial Index comprises the top 10 companies in the Industrial sector listed on the Nigerian Exchange Limited (“NGX”) in terms of market capitalization and liquidity and is a price index weighted by adjusted market capitalization.