NGX ETFs retreat in August as SIAML Pension ETF 40 leads losses with 43.86% decline

Exchange Traded Funds (ETFs) on the Nigerian Exchange (NGX) retreated in August 2026, with the SIAML Pension ETF 40 recording the steepest decline of 43.86%. Ten of the twelve tracked funds recorded losses, while only two closed the month in positive territory. This broad pullback reflects a challenging month for ETF investors. The decline in the SIAML Pension ETF 40 was the most significant among the listed funds.

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