Botswana Guardian

BSE gets two ETFs listings

- BG reporter

As stock exchanges around the globe struggle due to the COVID- 19 pandemic impacting equity, two exchange traded funds have listed on the local bourse.

The Botswana Stock Exchange ( BSE) this week announced that Cloud Atlas Limited has listed two Exchange Traded Funds ( ETFs).

According to BSE, the two ETFs are Cloud Atlas S& P Africa Sovereign Bond Fixed Income and Cloud Atlas AMI Big50 ex- South Africa.

“I am overwhelme­d by the resounding and positive response to our market by issuers especially now when markets are still battling recovery. This goes to show that our efforts to grow the number and diversity of our issuer base is bearing fruit. We welcome the two ETFs from Cloud Atlas Limited and look forward to a dynamic market,” said BSE Chief Executive Officer, Thapelo Tsheole.

The Atlas S& P Africa Sovereign Bond Fixed Income offers investors access to listed African Hard Currency Bonds by tracking an index developed in conjunctio­n with S& P which offers investors a basket of quality credit- rated, high- yielding, and long- dated debt issued by African countries.

In addition, the portfolio also consists of USD bonds issued by: Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa, paying on average approximat­ely 6.8 percent yield per annum in USD.

The Cloud Atlas AMI Big50 ex- South Africa offers investors exposure to African equity, except South Africa, and tracks 15 sectors across 14 different countries and is designed to reflect a liquid basket of constituen­ts for investors looking for Pan African exposure without the hassles of deciding what to buy.

 ??  ?? BSE Chief Executive, Thapelo Tsheole
BSE Chief Executive, Thapelo Tsheole

Newspapers in English

Newspapers from Botswana