ETF · Meristem Wealth Management

MERGROWTH · Meristem Growth ETF

Daily close

₦115.00

Close · Thu 12 Nov 2026 · NGX official close · 3:41pm WAT

Key statistics

Tracks

Nigerian growth equities

Manager

Meristem Wealth Management

52-week high

₦1,177.08

52-week low

₦340.00

YTD return

+56.23%

9-month return

52-week range and return figures last verified August 2025.

About this fund

Targets NGX growth stocks: companies expected to grow earnings faster than the market average.

ETF prices on the NGX can trade at wide premiums or discounts to the value of what the fund holds. Check the fund manager's published net asset value before buying. The last traded price is not the whole story.

Meristem's growth-style ETF, targeting companies expected to grow earnings faster than the market average. Growth stocks can soar in good times and fall harder in selloffs.

Key facts

Category: Actively managed
Tracks: Nigerian growth equities
Manager: Meristem Wealth Management
Exchange: Nigerian Exchange (NGX)
Currency: Naira (₦)

Costs to know

Three layers. First, the fund's own management fee, taken quietly out of the NAV. The exact figure is on the manager's factsheet, and it differs by fund. Second, your broker's commission each time you buy or sell, set by the NGX fee schedule. Third, the premium or discount to NAV at the moment you trade: overpaying here is the cost most beginners never notice.

Risks in plain English

Manager risk: you are betting on stock picks, not on the market. Active funds also tend to charge higher fees than index trackers, which is a hurdle the picks must clear.

How to buy MERGROWTH

Open an account with an NGX-licensed stockbroker and place a buy order for MERGROWTH, exactly like an ordinary share. First time buying? This walkthrough covers each step.

Frequently asked questions

What does MERGROWTH track?

Meristem Growth ETF (MERGROWTH) tracks Nigerian growth equities. It is managed by Meristem Wealth Management.

What is the current MERGROWTH price?

The last close was ₦121.50 on 16 OCT 2026 (NGX ETF data). Prices move every trading day. Confirm the live quote with your broker before trading.

Is MERGROWTH a good investment?

Nairaview provides market data, not investment advice. Consider the fund's tracking, costs, and your goals, and speak to a licensed adviser before deciding.

What will it cost me to own MERGROWTH?

Three layers: the fund's management fee (inside the NAV; check the manager's factsheet for the figure), your broker's commission on every buy and sell, and any premium or discount to NAV when you trade. The full breakdown is in Costs to know above.