Click Here to access our Public Funds page
Nubian Fund
The BGL Nubian Fund is an open ended Fund authorized and registered in Nigeria as a Unit Trust Scheme under Section 160 of the ISA. The Fund is governed by a Trust Deed with UBA Trustees Limited as Trustee.
The main investment objective of the Fund is to provide investors with capital appreciation on selected securities via income (dividends), as well as an attractive total return (capital gains) in the medium to long term.
The Fund is open-ended which implies that investors are at the liberty to subscribe to its units or redeem its units through the Fund Manager at any point in time. The Fund is listed on the floor of the Nigerian Stock Exchange (NSE) thus making publicly available daily Fund pricing on the NSE daily official list.
Nubian Fund Profile
| FUND MANAGER | BGL Asset Management Limited |
| ISSUING HOUSE | BGL Plc |
| TRUSTEE | UBA Trustees Limited |
| UNITS OF SALE | N5,000 and multiples of N500 |
| STRUCTURE | Open ended; Medium to long term horizon |
| INVESTMENT | Up to 70% in Equities, 30% invested in fixed income + money market |
| LOCK-IN PERIOD | 3 Months (90 days) |
| TARGET | The Fund is appropriate for investors who wish to avail themselves of the opportunities posed by the currently undervalued stocks |
Nubian Fund Projection
| NUBIAN FINANCIAL HIGHLIGHTS | 2011 N'000 |
2012 N'000 |
2013 N'000 |
|---|---|---|---|
| NAV | 500,000 | 585,982 | 712,625 |
| Gross Income | 110,670 | 165,265 | 258,986 |
| Operating Expenses | (15,134) | (24,551) | (41,035) |
| Undistributed Income | 85,982 | 126,643 | 196,157 |
| Earning Per Unit (Kobo) | 19 | 28 | 44 |
| Dividend Per Unit (Kobo) | 1.9 | 2.8 | 4.4 |
| Earnings Yield | 19% | 28% | 44% |
| Dividend Yield | 1.9% | 2.8% | 4.4% |
Sapphire Fund Benefits
The BGL Nubian Fund offers investors the following benefits:
- The current low valuation of many stocks gives ample opportunity for capital appreciation
- Lower risk exposure as the Fund Manager invests across a wide range of companies as approved by the Investment Committee.
- Opportunity to invest indirectly in various equities and instruments though investment is in small amounts.
- Investors can readily sell their units whenever the need arises.
- Unit holdings in the fund may be used as collateral for obtaining credit facilities from various financial institutions.
- An opportunity for individuals to make investments on behalf of third parties such as societies, the less privileged and other organization.
| STEPS | NUBIAN FUND SUBSCRIPTION PROCESS | NUBIAN FUND REDEMPTION PROCESS |
|---|---|---|
| 1 | Obtain subscription forms (downloadable / hard copy) | Obtain redemption forms (downloadable / hard copy) |
| 2 | Complete subscription form and sign appropriately | Complate redemption form and sign appropriately |
| 3 | For payments below N10 million, cheque should be raised in favour of 'BGL Nubian Fund' and both submitted to BGL Asset Management Limited directly or through a recognised agent | Forward redemption form together with original certificate to the Fund manager |
| 4 | Offer price on the date of cheque clearing will be applied in ascribing units in the Fund | Bid price on the prior trading date before submission will be applied in redeeming units to the Fund |
| 5 | Certificate will be issued by the registrars and delivered in accordance wit the mail preference expressed by the investor | For payments below N10 million, cheque will be raised in favour of 'Subscriber' and collected from BGL Asset Management Limited with valid identity documentation |
| 6 | Additional/subsequent subscriptions will be evidenced by new certificates for teh new subscription |
Click Here to access the fund's information page