Stanbic IBTC Nigerian Equity Fund

The Stanbic IBTC Nigerian Equity Fund is an open-ended unit trust investment scheme registered with the Securities and Exchange Commission, Nigeria. It focuses on equity securities listed on the Nigerian Exchange Limited, allocating at least 70% of its portfolio to such assets. The fund also holds up to 30% in high-quality fixed income securities. Investors must commit a minimum of N5,000 and observe a 91-day holding period, with a 20% penalty for early redemption. Management fees are 3% annually.

The fund, launched in February 1997, targets aggressive growth through exposure to Nigerian equities. It offers investors access via multiple channels, including internet, phone, email, and SMS. Backed by Stanbic IBTC Holdings, the fund is licensed by the SEC and emphasizes security and convenience. Its risk profile aligns with long-term wealth building through market participation.