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Pan-African financial services group
Zimbabwe has welcomed its first ever ETF.
The
Zimbabwe Stock Exchange (ZSE) and comes with an expense ratio of 0.675%.
The fund tracks the
ZSE Top 10 Index which consists of the largest ten companies, as ranked by investable market capitalization, listed on ZSE.
The index has historically captured between 65% and 80% of the country’s entire listed market cap.
With so few constituents, the index is naturally highly concentrated, with the two largest companies – financial services conglomerate CBZ Holdings and beverages manufacturer Delta Corporation – accounting for weights of 29.8% and 17.8% respectively. The next largest stocks in the index are Cassava Smartech Zimbabwe (9.2%), Innscor Africa (9.2%), FBC Holdings (8.5%), and Econet Wireless Zimbabwe (6.5%).
/PRNewswire/ Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of December 31,.
January 12, 2021
There has been a significant shift in how companies conduct business over the last year, with many corporations transitioning their employees to home as more stringent regulations become commonplace in the coronavirus era. With this shift comes a need for innovation, with companies like Ring, Crowdstrike, Tesla, and Fiverr embracing this entrepreneurial mindset. Investors looking to get in on the action can look to the issuer ERShares.
ERShares selects companies from all over the globe and across capitalization levels to create an eclectic and well-balanced mix in its funds.
“We invest in publicly traded entrepreneurial companies, and by this we mean it’s more than just, you know, Amazon or Netflix. There’s some high-profile companies that people kind nod their heads, like Telsa or whatever, they say those are entrepreneurial companies. But we’ve got hundreds around the world, large caps, small caps, throughout Asia, Europe, Latin America, North America,
January 12, 2021
There still isn’t a Bitcoin exchange traded fund in the United States, but there exist several cryptocurrency index funds. Other countries also have Bitcoin-related exchange traded products.
Either way, data confirm capital is still flowing into these products following Bitcoin’s recent ascent.
“Inflows last week totaled US$29m, a marked decline from the week before Christmas with a record inflow of US$1.09bn. Furthermore, given the recent record price levels, we have witnessed evidence of potential profit taking with some investment products seeing outflows,” notes James Butterfill, Investment Strategist at CoinShares. “Recent price action leaves total assets under management (AuM) at a record US$34.4bn as of Friday 8th January.”