The Stanbic IBTC Ethical Fund aims to achieve long term capital appreciation by investing a minimum of 70% of the portfolio in listed equities of socially responsible companies and a maximum of 30% in high quality fixed income securities.
Stanbic IBTC Ethical Fund (SIEF) was launched in January 2006
The Fund invests a minimum of 70% of its portfolio in equities of socially responsible companies quoted on the Nigerian Stock Exchange (NSE) and maximum 30% in fixed income securities
91 days minimum holding period
The penalty for redeeming within the minimum holding period is 20% on the accrued income
The minimum investment amount is N5,000.00
Expense ratio for the Fund is 3.5%
It is an open ended Fund
The risk profile of the Fund is “Moderately Aggressive”
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