What is The Stanbic IBTC Ethical Fund?
A.The Stanbic IBTC Ethical Fund (“The Ethical Fund” or “The Fund”) is an openended mutual fund. The primary objective of The Ethical Fund is to achieve long–term capital appreciation of its assets, by investing in a carefully selected portfolio of high quality equity securities quoted on The Nigerian Stock Exchange and in other securities approved by the Securities & Exchange Commission. The Ethical Fund will thus follow a socially responsible approach to investing and will exclude investments in Breweries and Tobacco sectors of The Nigerian Stock Exchange as well as companies whose activities may be considered harmful to the society.
