Exchange-traded funds listed on the Nigerian Exchange (NGX) rebounded sharply in July, with the Greenwich Alpha ETF emerging as the top performer.
The fund delivered a return of 30.41% for the month, leading a broader recovery across the ETF segment of the market.
The strong performance highlights a shift in investor sentiment toward Nigerian fixed-income instruments, which have benefited from high interest rates and improved liquidity conditions.
Greenwich Alpha’s standout result underscores the growing role of ETFs as accessible vehicles for retail and institutional investors seeking yield in the local market.
This monthly rebound follows a period of volatility in Nigerian equities, where broader market indices have seen mixed performance.
The ETF rally suggests that investors are increasingly diversifying into structured products that offer lower risk profiles compared to direct equity exposure.