By InvestAdvocate

Lagos (INVESTADVOCATE)-The SIAML Pension ETF 40 with the initial offer size of N1 billion is an Exchange Traded Fund which aims to replicate as closely as possible, the total return of The NSE Pension Index (i.e. an index which tracks the top 40 companies on The NSE in terms of market capitalisation, liquidity and PFA investment eligibility).

The fund is an attractive investment opportunity which will give potential investors access to the most liquid public-quoted companies on The NSE, whilst also achieving a net return that reflects the performance of the NSE Pension 40 Index. The SIAML Pension ETF 40 fund is open-ended and will be listed on the main board of The NSE.

According to an e-mail notice of the offer made available to InvestAdvocate, the method of the offer is offer for subscription with an offer price of N100 per unit and 10,000 units for N1.0 million and multiples of 10,000 units thereafter.

Click here to download prospectus