The Nigerian Stock Exchange (“the Exchange” or “NSE”) hosted the 2018 edition of its Exchange Traded Products (ETPs) Conference, tagged, “Exchange Traded Products: Evolving investment themes, Accessing New Markets and Enhancing Portfolio Alpha”, on Wednesday, December 5, 2018, at the Oriental Hotel, Lagos.
NSE Hosts 2018 ETPs Conference
The Conference which brought together Fund Managers, Regulators, Capital Market Intermediaries, as well as current and prospective ETP issuers, was designed to increase market participation in ETPs so that investors could get the best out of the capital market. The 2018 NSE ETPs Conference provided insights on opportunities for the creation of diversified investment vehicles (such as Structured Products, Exchange Traded Notes and Exchange Traded Funds) and the value proposition of this asset class.
In his welcome remarks, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, noted that the ETPs market has expanded in value and reach following significant acceptance by investors over the years. “Since the introduction of ETPs in 1993, they have gained widespread acceptance in most developed markets. Over the last 15 years, investors’ demand for ETPs (both retail and institutional) has grown remarkably, which in turn has led to a greater variety of products offered by ETP sponsors”.
“The ETPs space has grown steadily by a cumulative average growth rate of 8.0 per cent over the last four years. Currently, there are nine ETPs listed on the Exchange, two thematic ETFs providing access to Pension-compliant and Shariah-compliant stocks, 2 broad equity market ETFs tracking the NSE 30 Index, 3 sector-based ETFs, 1 commodity ETF, and 1 bond ETF tracking exposure to benchmark FGN Sovereign Bonds”.
Mr. Onyema also encouraged ETPs issuers and intermediaries to expand their footprint by broadening distribution channels, introducing other asset classes/strategies, entering new markets, leveraging technology and data analytics to understand the market and demand.
Some of the speakers and panelists at the conference include, Deborah Fuhr, ETFGI; Damilola Ajayi, Executive Director, Vetiva Capital Management; Dayo Obisan, Managing Director, Greenwich Asset Management and President FMAN; Shuaib Audu, Stanbic IBTC Bank; Ndako Minjidadi, Lotus Capital; Sulaiman Adedokun, Meristem Wealth Management; Nerina Visser ETFSA; Dave Uduanu, Managing Director/CEO, Sigma Pension Managers; Dapo Akisanya, Managing Director/CEO, AXA Mansard Pension; Tosin Ojo, Head, Investment Management, Cardinal Stone; Niyi Falade, Managing Director/CEO, Crusader Sterling Pension; Michael Mgwaba, ABSA; Oluwafemi Onifade, Acting Head, Trading Business Division, NSE; Justin Bester, Global Markets, Rand Merchant Bank and Efiok E. Efiok, Head, Investment Management Regulation, Securities and Exchange Commission (SEC).
The 2018 NSE Exchange Traded Products Conference was sponsored by ABSA, Stanbic IBTC Asset Management, Meristem Asset Management Limited, Vetiva Capital Management, Afrinvest Asset Management and Lotus Capital Limited.