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mARKET NEWS
Chams Access Grows Total Equity, Strengthens PortfolioChams Access Limited, a subsidiary of Chams Plc, has assured shareholders of improved returns on investment in the 2017 financial year on the back of improving macroeconomic stability. The Chairman of the company, Dr. Evans Woherem, gave the assurance company’s inaugural annual general meeting (AGM) in Lagos last week.
According to him, although the significant decline in economic activities for a better part of 2016 affected the
company with the country exiting recession, there is an obvious turnaround in the fortunes of Chams Access going forward.
“With improved macroeconomic stability, there has been a demonstrable turnaround in business and ChamsAccess is on the path of profitability in the 2017 accounting year. That means when we come for the next AGM, we would now see a greatly improved company of ours,” Woherem remarked.
Also speaking at the AGM, Managing Director, ChamsAccess Limited, Mrs. Funke Alomo Oluwa, stated that the company’s strong market positioning and industry leadership accounts for its resilience despite the external and domestic economic headwinds which unsettled Nigerian economy in 2016. The company grew its total equity to N1.081 billion in 2016, as against N960 million for the year 2015.
“After a resilient 2016 financial year, ChamsAccess is on growth trajectory and has returned to profitability in 2017 as evident in our first and second quarter results respectively. Supported by a strong board of directors, the company is breaking new grounds in high growth areas such as the telecommunications and microfinance sectors and are further strengthening our product base.”
She cited boosting operational profit, product diversification,
market share growth and improved return to shareholders as the company’s focus in the 2017 financial year.
Also at the AGM, Mr. Olufemi Williams, Group Managing Director, Chams Plc and Ms. Adetomi Aladekomo, a television/movie producer and Founder, Heels in the Kitchen, were both elected to the Board of Directors of ChamsAccess Limited as non-executive directors.
ChamsAccess Limited is a
leading access and technology solutions company with a vision to be the go-to company for solutions in the markets it serves. The company’s core focus is the sale, deployment and support of automated solutions in the area of Instant Card Issuance, Biometric Data capture solutions, Customer Life Cycle Management solutions, Access Control and Time and Attendance solutions to serve both financial and non-financial needs of the society.
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.
An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
floor of the Nigerian Stock Exchange.A REIT (Real Estate Investment Trust) is an
investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.
GUIdE To dATA:date: All fund prices are quoted in Naira as at 10-Aug-2017, unless otherwise stated.
offer price: The price at which units of a trust or ETF are bought by investors. Bid Price: The price at which Investors redeem (sell) units of a trust or ETF.
Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.NAV: Is value per share of the real estate assets held by a REIT on a specific date.
M U T U A L F U N D S / U N I T T R U S T SAFRINVEST ASSET MANAGEMENT LTD [email protected]: www.afrinvest.com; Tel: +234 1 270 1680Fund Name Bid Price Offer Price Yield / T-RtnAfrinvest Equity Fund 175.61 175.61 175.61 Nigeria International Debt Fund 232.19 232.19 232.19 ALTERNATIVE CAPITAL PARTNERS LTD [email protected]: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-RtnACAP Canary Growth Fund 0.80 0.81 14.38%AIICO CAPITAL LTD [email protected]: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-RtnAIICO Money Market Fund 100.00 100.00 18.73%ARM INVESTMENT MANAGERS LTD [email protected]: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-RtnARM Aggressive Growth Fund 17.67 18.20 43.12%ARM Discovery Fund 369.03 380.15 28.50%ARM Ethical Fund 26.22 27.04 17.44%ARM Money Market Fund 1.00 1.00 18.16%AXA MANSARD INVESTMENTS LIMITED [email protected]: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-RtnAXA Mansard Equity Income Fund 143.54 144.55 36.47%AXA Mansard Money Market Fund 1.00 1.00 17.91%CHAPELHILL DENHAM MANAGEMENT LTD [email protected]: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-RtnChapelhill Denham Money Market Fund 100.00 100.00 19.60%Paramount Equity Fund 11.50 11.80 22.89%Women's Investment Fund 93.23 95.62 10.21%CORDROS ASSET MANAGEMENT LIMITED [email protected]: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-RtnCordros Money Market Fund 100.00 100.00 18.80%FBN CAPITAL ASSET MANAGEMENT LTD [email protected]: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-RtnFBN Fixed Income Fund 1,107.83 1,108.93 9.37%FBN Heritage Fund 142.38 143.65 27.74%FBN Money Market Fund 100.00 100.00 18.25%FBN Nigeria Eurobond (USD) Fund - Institutional $109.53 $110.48 6.50%FBN Nigeria Eurobond (USD) Fund - Retail $108.89 $109.84 6.61%FBN Nigeria Smart Beta Equity Fund 157.30 159.55 39.69%FIRST CITY ASSET MANAGEMENT LTD [email protected]: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-RtnLegacy Equity Fund 1.36 1.39 46.28%Legacy Short Maturity (NGN) Fund 2.82 2.82 9.79%FSDH ASSET MANAGEMENT LTD [email protected] Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-RtnCoral Growth Fund 2,908.12 2,961.44 32.07%Coral Income Fund 2,319.13 2,319.13 10.21%GREENWICH ASSET MANAGEMENT LIMITED [email protected]: www.gtlgroup.com ; Tel: +234 1 4619261-2Fund Name Bid Price Offer Price Yield / T-RtnGreenwich Plus Money Market Fund 100.00 100.00 14.29%INVESTMENT ONE FUNDS MANAGEMENT LTD [email protected]: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-RtnAbacus Money Market Fund 1.00 1.00 18.26%Vantage Balanced Fund 2.09 2.12 24.58%Vantage Guaranteed Income Fund 1.00 1.00 18.36%
LOTUS CAPITAL LTD [email protected] Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-RtnLotus Halal Investment Fund 1.12 1.14 13.47%Lotus Halal Fixed Income Fund 1,036.49 1,036.49 7.82%MERISTEM WEALTH MANAGEMENT LTD [email protected] Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260Fund Name Bid Price Offer Price Yield / T-RtnMeristem Equity Market Fund 13.37 13.47 38.26%Meristem Money Market Fund 10.00 10.00 19.10%PAC ASSET MANAGEMENT LTD [email protected]: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-RtnPACAM Balanced Fund 1.15 1.17 15.74%PACAM Fixed Income Fund 10.71 10.76 3.03%PACAM Money Market Fund 10.00 10.00 17.50%SCM CAPITAL LIMITED [email protected]: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-RtnSCM Capital Frontier Fund 124.44 130.09 24.49%SFS CAPITAL NIGERIA LTD [email protected]: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-RtnSFS Fixed Income Fund 1.34 1.34 7.97%STANBIC IBTC ASSET MANAGEMENT LTD [email protected] Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDSFund Name Bid Price Offer Price Yield / T-RtnStanbic IBTC Balanced Fund 2,170.50 2,182.81 18.53%Stanbic IBTC Bond Fund 161.69 161.69 5.02%Stanbic IBTC Ethical Fund 0.99 1.00 29.22%Stanbic IBTC Guaranteed Investment Fund 205.76 205.76 10.10%Stanbic IBTC Iman Fund 177.72 180.09 36.91%Stanbic IBTC Money Market Fund 100.00 100.00 18.53%Stanbic IBTC Nigerian Equity Fund 9,613.11 9,723.09 26.75%UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.comWeb: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-RtnUnited Capital Balanced Fund 1.28 1.30 14.83%United Capital Bond Fund 1.37 1.37 12.26%United Capital Equity Fund 0.81 0.83 20.94%United Capital Money Market Fund 1.14 1.14 3.51%ZENITH ASSETS MANAGEMENT LTD [email protected]: www.zenith-funds.com; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-RtnZenith Equity Fund 12.61 12.83 29.87%Zenith Ethical Fund 13.23 13.23 20.14%Zenith Income Fund 18.46 18.46 11.64%
R E I T S Fund Name NAV Per Share Yield / T-RtnFSDH UPDC Real Estate Investment Fund 11.41 1.01%SFS Skye Shelter Fund 129.43 4.40%
E X C H A N G E T R A D E D F U N D SFund Name Bid Price Offer Price Yield / T-RtnLotus Halal Equity Exchange Traded Fund 11.39 11.49 31.82%Stanbic IBTC ETF 30 Fund 109.38 111.45 44.35%VETIVA FUND MANAGERS LTD [email protected]: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Bid Price Offer Price Yield / T-RtnVetiva Banking Exchange Traded Fund 4.53 4.57 63.57%Vetiva Consumer Goods Exchange Traded Fund 9.71 9.79 37.91%Vetiva Griffin 30 Exchange Traded Fund 17.80 17.90 48.77%Vetiva Industrial Goods Exchange Traded Fund 22.60 22.80 41.43%Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 131.81 133.81 2.24%
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS
29august 13, 2017 • T H I S DAY, T H e S U N DAY N e w S pA p e R
