NSE, Meristem to launch investment style-focused indices - Vanguard News Nigeria

The Nigerian Stock Exchange, NSE, and Meristem Securities Limited are collaborating to launch two new style indices – the NSE-Meristem Growth Index and NSE-Meristem Value Index. These indices will be available real-time on the NSE’s website from tomorrow, .The style indices were designed in response to demand for customized indices to support product development and investment management.

“These indices provide products strategists and asset managers the leverage to create investment vehicles that democratize professional asset management for the benefit of investors, while still following the tenets of classic investment philosophies: growth and value. The indices are available for licensing and the investing public is encouraged to take advantage of the benefits they provide.”

Mrs. Oluwakemi Akinde, Group Head, Investment Research, Meristem Securities Limited, explained that the indices are benchmarks to track the performance of growth and value stocks that are traded on the floor of the Nigerian Stock Exchange, thereby contributing to the deepening of the equity capital market by providing a leverage for fund managers to build investment products.

“Furthermore, the indices serve as more appropriate benchmarks for fund managers with same investment philosophies, help in effective performance attribution, and facilitate better manager selection and appraisal, while also providing market data for academics to enrich studies on the performance of growth and value stocks in the Nigerian market.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Equity market sustains positive performance as NSE index up 0.14% - Vanguard News NigeriaThe equities market maintained a positive performance at the close of trade on Tuesday as price upticks in Guaranty Trust Bank, GTBank (+1.1 percent), Union Bank Nigeria, UBN (+4.5 percent) and Zenith (+0.8 percent ) drove the benchmark index, Nigerian Stock Exchange, NSE All Share Index, ASI up by 0.14 percent to close at 32,173.66 points.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

NSE: Market indices maintain upward growth, up by 0.95% - Vanguard News NigeriaTransactions opened on the nation’s Stock Exchange for the week on Monday with a growth of 0.95 per cent, following gains by some blue chips. vanguardngr Prof. Yakubu Mahmood not only killed Democracy in Nigeria but has thrown the entire Nigerians into mourning after declaring President Buhari winner of the February 23rd presidential elections. vanguardngr May the spirits of innocent Nigerians who died under president Buhari administration continue to chase Prof. yakubu mahmood and his generations. By Alphonsus
Source: vanguardngrnews - 🏆 5. / 75 Read more »

NSE: Market indices maintain upward growth, up by 0.95 per centThe market capitalisation inched N113 billion to close at N11.981 trillion against N11.868 trillion on Friday.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigeria equity market extends negative outlook, down by 0.35% – Daily TrustThe Nigerian Stock Exchange (NSE) extended negative outlook for the second consecutive days with crucial market indices dropping further by 0.35 per cent amid profit taking. The All-Share Index on Thursday lost 111.68 points or 0.35 per cent to close at 32,010.06 compared to 32,121.74 achieved on Wednesday.ADVERTISEMENT Similarly, the market capitalisation which opened at …
Source: Daily Trust - 🏆 13. / 51 Read more »

Nigeria Equity Market Rises By 0.14% In Cautious TradingThe Nigerian Stock Exchange (NSE) market indices on Tuesday sustained growth, posting a marginal gain of 0.14 per cent in a cautious trading. Specifically, the All-Share Index rose by 43.72 points or 0.14 per cent to close at 32,173.66 against 32,129.94 achieved on Monday. Also, the market capitalisation which opened at N11.981 trillion increased by […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »