EXPOSURE RULES FOR COLLECTIVE INVESTMENT SCHEME BENCHMARKS

 

COLLECTIVE INVESTMENT SCHEME BENCHMARKS

Fund Type  Benchmarks 
Money Market  
  • 90 days T-bill Stop Rate
  • Nigeria Inter-Bank Treasury Bills True-Yield – NITTY
Fixed Income 

 

Fixed Income and Bond Funds 

  • S & P FMDQ Nigeria Bond Index
  • 3/5/10 years sovereign bond
  • Composite index comprising of;
    • 70% of the 3/5/10-year sovereign bond and
    • 30% of the Nigeria Inter-Bank Treasury Bills True-Yield – NITTY

Eurobond Funds

  • Composite index comprising of;
    • 70% of the 3-year Nigeria sovereign Eurobond and
    • 30% of 3/6-month US Treasury Bill
Equity

 

  • NSE All Share Index (NSE ASI)
  • NSE 30 Index
Mixed

 

  • Composite index comprising of;
    • 50% NSE ASI and
    • 50% 91 Average Treasury Bill rate or Nigeria Inter-Bank Treasury Bills True-Yield – NITTY 
Faith-based  

 

  • Equity:  
    NSE Lotus Islamic Index (NSELII)
  • Fixed Income:  
    Same as Fixed Income benchmarks or a sovereign sukuk bond
  • Money Market:  
    Same as Money Market benchmarks
  • Balanced:  
    Composite index comprising of;

    • 50% NSEASI/NSELII and
    • 50% 3/5/10-year sovereign bond, sovereign sukuk or NITTY 
Ethical  

 

  • Equity:  
    Same as Equity benchmarks or NSE Lotus Islamic Index (NSELII)
  • Fixed Income:  
    Same as Fixed Income benchmarks or sovereign sukuk bond
  • Money Market:  
    Same as Money Market benchmarks
  • Balanced:  
    Same as Faith-Based benchmark

 

smestudio.xyz@gmail.com
Author: smestudio.xyz@gmail.com

FMAN aim to address all the issues affecting the industry’s development and represent its members at levels in ongoing discussion about the regulatory framework for the industry.

smestudio.xyz@gmail.com

FMAN aim to address all the issues affecting the industry’s development and represent its members at levels in ongoing discussion about the regulatory framework for the industry.

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