Third Exchange Traded Fund on the cards

A THIRD Exchange Traded Fund (ETF) is in the offing for Zimbabwe’s capital market following the introduction of a second one this week, the Securities and Exchange Commission (SecZim) has revealed.
ETFs are managed funds that track the performance of a specified security, which include but are not limited to equity indices, commodities and currencies.

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Morgan & Co executive director Davide Muchengi (left), Zimbabwe Stock Exchange (ZSE) chairperson Caroline Sandura (right) and other guests toast to the listing of the Morgan & Co’s multi-sector Exchange Traded Fund on the ZSE on Monday.

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