Meristem Growth ETF

The headline story for Meristem Growth Exchange-Traded Fund (ETF) is its striking year-to-date (YTD) performance. Despite a turbulent few weeks, the fund has delivered a 55.01% YTD yield, meaning that an investor who put money in at the start of the year has seen it grow by more than half in value. This is a notable result in any environment. However, the most recent Week-to-Date (WTD) yield sits at -3.34%, which is noticeably weaker than the median WTD yield of -1.16% across all Exchange-Traded Funds in this category, placing the fund's short-term momentum below the peer group average. Within its category, the fund ranks #9 of 12, suggesting it sits in the lower half of its ETF peers on current positioning.

Zooming into the recent weekly history gives useful context. The fund's Net Asset Value (NAV) has moved in a choppy, back-and-forth pattern: rising to ₦827.69M on 5 June 2026, then dropping to ₦795.38M on 11 June, recovering to ₦813.49M on 19 June, falling again to ₦778.17M on 26 June, before jumping to the current NAV of ₦894.88M on 3 July, even as the WTD yield dipped to -3.34%. This combination of a rising NAV alongside a negative WTD yield suggests the fund received new money or issued new units during the week, which can inflate the NAV figure independent of price gains. The fund currently holds 1,645 unitholders and ranks #164 of 222 across all fund categories overall, reflecting a relatively small but active investor base.