How does The Stanbic IBTC Ethical Fund work?
A. The primary objective of the Fund is long-term capital appreciation, which is achieved by investing at least 75% of the Fund’s assets in equities of blue chip companies listed on The Nigerian Stock Exchange while retaining a maximum of 25% of its total assets in money market instruments. When you subscribe to the Fund, you are issued with such number of units at the prevailing offer price as is equivalent to the monetary value of your subscription. The Fund is re-valued at the end of each working day to reflect any changes in the prices of the underlying stocks. This means that the value of your units will change from day to day. The aim of the Fund is to achieve capital appreciation over the long term without compromising religious beliefs and principles.
