Meristem Wealth Management Limited has opened acceptance list for initial public offering (IPO) for two Exchange Traded Funds (ETFs), providing investors with opportunity to diversify their assets and benefit from professionally managed funds.
Meristem Wealth Management Limited, the wealth management subsidiary of Meristem Group, is offering 50 million units of N10 each in its Meristem Growth Exchange Traded Fund and another 50 million units of N10 each under its Meristem Value Exchange Traded Fund.
The Meristem Growth Exchange Traded Fund will track growth stocks on the stock market while the Meristem Value Exchange Traded Fund will track value stocks, both providing investors opportunities to earn above average returns from the basket of underlying stocks.
Meristem explained that the ETFs are style indices which provide investors with a wide array of diversified stocks, professionally selected after satisfying the criteria.
Managing Director, Meristem Wealth Management, Sulaiman Adedokun; said Meristem is seeking new and innovative ways to create wealth opportunities for clients.
He explained that as a way of adding unique value to investors, Meristem Growth ETF is designed to track growth stocks while Meristem Value ETF will track value stocks.
“This strategy avails investors a dual purpose, with an investment style that allows them to meet specific need using abroad product portfolio,” Adedokun said.