The Zimbabwe Independent
December 11, 2020
ACCORDING to the latest poverty report by ZimStat and the World Bank, Zimbabwe has become poorer over the last three years.
Tafara Mtutu
Investment analyst
Extreme poverty rose to 38% in 2019, while general poverty went up eight percentage points to 51%. To note is the countryâs latest Gini coefficient of 50,4%, which is up from 44,7% in 2017. The Gini coefficient is a measure of income or wealth distribution in a country.
A Gini coefficient that is close to 0% implies that there is perfect or equal distribution of wealth. The other end of the spectrum â a Gini coefficient of 100% âindicates gross inequality, where only one person earns all the income.
TATIRA ZWINOIRA
The ZSE Top-10 Index represents the top counters by market capitalisation on the main bourse.
“This prospectus relates to information to prospective investors of the establishment of an Exchange Traded Fund by Old Mutual Investment Group Zimbabwe (Private) Limited, whose objective is to give returns that track the Zimbabwe Stock Exchange Top-Ten Index,” reads part of the prospectus.
“Prospective purchasers of any exchange traded funds should ensure that they understand fully the nature of the exchange traded fund and the extent of their exposure to risks and that they consider the suitability of the exchange traded fund as an investment in the light of their own circumstances and financial position.”
The Zimbabwe Independent
December 11, 2020
OLD Mutual Zimbabwe (OMZ) has released a prospectus for its “Old Mutual Zimbabwe Stock Exchange Top-Ten Exchange Traded Fund Trust”, which tracks the performance of the Zimbabwe Stock Exchange (ZSE) Top-10 Index.
TATIRA ZWINOIRA
The ZSE Top-10 Index represents the top counters by market capitalisation on the main bourse.
“This prospectus relates to information to prospective investors of the establishment of an Exchange Traded Fund by Old Mutual Investment Group Zimbabwe (Private) Limited, whose objective is to give returns that track the Zimbabwe Stock Exchange Top-Ten Index,” reads part of the prospectus.
“Prospective purchasers of any exchange traded funds should ensure that they understand fully the nature of the exchange traded fund and the extent of their exposure to risks and that they consider the suitability of the exchange traded fund as an investment in the light of their own circumstances and finan
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