The Stanbic IBTC Ethical Fund is Nigeria’s first quoted socially responsible mutual fund that allows subscribers to make profitable investments without compromising their religious beliefs and/or principles. Launched in 2005, the primary objective of The Ethical Fund is to achieve long-term capital appreciation of its assets by investing in a carefully selected portfolio of high quality equity securities quoted on The Nigerian Stock Exchange.

The Ethical Fund follows a socially responsible approach to investing and excludes investments in Breweries and Tobacco sectors of The Nigerian Stock Exchange as well as companies whose activities are considered harmful to the society.

The Ethical Fund’s objective is achieved by investing at least 75% of The Fund’s assets in equities of blue chip companies listed on The Nigerian Stock Exchange while retaining a maximum of 25% of its total assets in money market instruments. Subscriptions to The Fund are processed at the prevailing offer price as is equivalent to the monetary value of subscription. The Fund is re-valued at the end of each working day to reflect any changes in the price of the underlying stocks. This means that the value of unit holding may change from day to day. The aim of The Fund is to achieve capital appreciation over the long term without compromising religious beliefs and principles.