Meristem Growth ETF · MERGROWTH.LG

Meristem Growth ETF is an open-ended, passively managed exchange traded fund listed on the Nigerian Exchange. The fund seeks to track the performance of the NGX Meristem Growth Index by investing its assets in the securities that make up the benchmark, broadly in line with their index weights. Its investment profile is growth-oriented: the index methodology focuses on liquid companies that qualify as growth stocks because of historical revenue and earnings growth, non-cyclical characteristics and potential for sustainable medium-term expansion. The instrument gives investors a listed, diversified route to a basket of Nigerian growth equities without selecting each constituent individually. Returns are driven by the performance, liquidity and rebalancing of the underlying index constituents, fund expenses, tracking difference and market demand for ETF units. The product is best analyzed as a rules-based equity index vehicle managed by Meristem Wealth Management Limited.