Cape Argus E-dition

Investment

CLOUD Atlas Investing this week listed the Africa Sovereign Bond Exchange Traded Fund (ETF) on the JSE, giving investors exposure to a portfolio of high-yielding, long-date debt issued by African governments. The ETF will track the S&P Africa Hard Currency Sovereign Bond Select Index, which in turn tracks the performance of hard-currency bonds (in dollars and euros) issued by African countries. The ETF will give investors access primarily to sovereign bonds issued by the governments of Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa. “In a global environment where interest rates are at record lows, investors seeking high yield in US dollars will find it here,” said Maurice Madiba, chief executive of Cloud Atlas Investing.

PERSONAL FINANCE

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2021-07-31T07:00:00.0000000Z

2021-07-31T07:00:00.0000000Z

http://capeargus.pressreader.com/article/282187949058564

African News Agency