Meristem Value ETF
Meristem Wealth Management
About Meristem Value ETF
The Meristem Value ETF (MERVALUE) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM VALUE INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index. The Index is composed of highly liquid companies which qualify as value stocks by virtue of their dividend yield, historical and future earnings yield, and book to price ratio. Value stocks are considered to trade below their intrinsic value, thus creating opportunities for profit.
Requirements for savings
- Valid means of ID - a voter’s card, international passport or a driver's license
- Recent Passport Photograph
- Proof of residential address (utility bills, tenancy agreement)
States Covered
Provider Details
About provider
Meristem Wealth Management Limited (MWML) was incorporated in August, 2008 and registered as a Fund and Portfolio Manager with the Securities and Exchange Commission (SEC). The company metamorphosed from the asset management and business advisory unit of Meristem Securities Limited (MSL) into a fully-fledged Wealth Management Company. Our Asset under Management (AUM) has grown consistently over the years and it is currently in excess of 188 billion Naira as at December, 2017.
About Meristem Value ETF
The Meristem Value ETF (MERVALUE) is an open-ended, passively managed ETF which seeks to track the performance of the NGX MERISTEM VALUE INDEX. The Fund invests 100% of its total assets in the securities that comprise the index, in approximately same weighting as the index. The Index is composed of highly liquid companies which qualify as value stocks by virtue of their dividend yield, historical and future earnings yield, and book to price ratio. Value stocks are considered to trade below their intrinsic value, thus creating opportunities for profit.
Requirements for savings
- Valid means of ID - a voter’s card, international passport or a driver's license
- Recent Passport Photograph
- Proof of residential address (utility bills, tenancy agreement)
States Covered
Provider Details
About provider
Meristem Wealth Management Limited (MWML) was incorporated in August, 2008 and registered as a Fund and Portfolio Manager with the Securities and Exchange Commission (SEC). The company metamorphosed from the asset management and business advisory unit of Meristem Securities Limited (MSL) into a fully-fledged Wealth Management Company. Our Asset under Management (AUM) has grown consistently over the years and it is currently in excess of 188 billion Naira as at December, 2017.
Subscribe For Financial Tips and Offers!
Sign up for our newsletter to get the best offers, expert advice, and more!
By continuing, you agree to our Terms & Conditions and Privacy Policy.