Browsing: ETFs

New to the ZSE? Why you should be looking at the Old Mutual top ten ETF. www.theexchange.africa

In Zimbabwe, investing in Exchange Traded Funds (ETFs) is witnessing traction, and various ETFs of different types are emerging. It is easy to invest in an ETF but before investing, ensure that you choose the one that suits your financial plan the most.

Investing in ETFs or exchange-traded funds is equivalent to investing in all constituents that are part of an index directly.

According to Forbes, the yields or returns generated by ETFs replicate the benchmark index. It gives investors an opportunity to benefit from diversity, flexibility and scope for growth that comes from ETFs being traded on stock exchanges.

  • An exchange-traded fund (ETF) is a marketable security that tracks an index, sector, commodity, or another asset which can be purchased or sold on a stock exchange the same way a regular stock can.
  • Zimbabwe became the fifth country in Africa to list an ETF, with South Africa, Nigeria, Kenya,

Zimbabwe’s US dollar-denominated equities market the Victoria Falls Stock Exchange (VFEX) continues to evolve since its launch in October 2020 as the bourse has witnessed growth while interest from potential listings has increased.

  • The Victoria Falls Stock Exchange is awaiting approval for the plans to set up an exchange-traded fund that will give investors exposure to shares in Old Mutual and PPC
  • Trading in Old Mutual and PPC on the Zimbabwe Stock Exchange was suspended in July 2020 after authorities blamed moves in the insurer’s locally listed stock for fueling a collapse in the currency because of a mechanism known as the Old Mutual Implied Rate
  • Since its launch, the listed companies on VFEX have grown to four counters: SeedCo International, Padenga Holdings, Caledonia Mining Corporation, and Bindura Nickel Corporation

The Victoria Falls Stock Exchange (VFEX) is awaiting approval for the plans to set up an exchange-traded fund that will …

  • 1nvest, a specialist index fund manager, lists the 1nvest MSCI World Socially Responsible Investment Index Feeder ETF (ETFSRI) on the Johannesburg Stock Exchange (JSE)
  • The listing of ETFSRI brings the number of ETF listings on the JSE to 91 with a total ETF market capitalization of more than R114 billion
  • Johannesburg Stock Exchange delivered a strong financial performance in the first half of 2022 as it continues to drive growth

A specialist provider of index-tracking investment solutions, 1nvest, has listed a new exchange-traded fund (ETF) on the Johannesburg Stock Exchange (JSE). The ETF comprises socially responsible large and mid-cap companies operating across 23 developed markets.

The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalization, and is the largest stock exchange in Africa, having been in operation for over 130 years.

Read: The JSE an Emerging Markets treasure trove

According to an …

  • Zimbabwe is anticipating the listing of some Real Estate Investment Trusts (REITs) this year.
  • ZSE is expected to list the fifth ETF, Cass Saddle Agriculture ETF this week
  • FINSEC introduced automated contract writing and derivatives trading, complete with direct integration of the trading, clearing, custody, and settlement facilities
  • VFEX introduced broker-controlled accounts to ensure convenience in trading on the US dollar-denominated stocks trading platform
  • VFEX is expected to launch its mobile securities trading platform, VFEX-Direct, at the end of this month in a move meant to simplify trading

This year is shaping up to be a defining year for Zimbabwe’s capital markets. Financial Securities Exchange (Private) Limited introduced derivatives and chatter over a new asset class has whet curious investors’ appetite.

Zimbabwe is anticipating the listing of some Real Estate Investment Trusts (REITs) sometime this year, and this could deepen the country’s capital markets.

The Zimbabwe Stock Exchange (ZSE) is …