Alpha Bond Index

The SF Markets Alpha Bond Index (AlphaX) has been developed to provide an independent and neutral reference for both local and foreign investors to assess the performance of Nigerian Sovereign bonds. The index is designed to serve as an underlying for various investment products such as Index Funds and Exchange Traded Funds (ETFs). As of 01 July 2016, the index tracked over NGN 5tn ($17.68bn) of Nigerian Sovereign debt. The AlphaX is a  market-value weighted total return index and denominated in Naira and US Dollars.