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About Stanbic IBTC ETF 30
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Inception date
Jan 1, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
Stanbic IBTC Asset Management Ltd.
ISIN
NGSTBKETF308
The objective of the Fund is to replicate as closely as possible, before fees and expenses, the net return of The NSE 30 Index. The Fund seeks to achieve this by investing primarily in securities issued by companies that comprise the Underlying Index.
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Classification
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
STANBICETF30 expense ratio is 2.71%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, STANBICETF30 isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, STANBICETF30 doesn't pay dividends to its holders.
STANBICETF30 shares are issued by Standard Bank Group Ltd.
STANBICETF30 follows the NGX 30 Index - NGN - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 1, 2015.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.