MORGAN & CO’s multi-sector Exchange Traded Fund (ETF) has gained 25 percent since its units started trading on the Zimbabwe Stock Exchange (ZSE) last Tuesday.
It closed yesterday at $12,5 per unit, compared to $10 at the market opening last Tuesday.
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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SEC chief executive officer, Tafadzwa Chinamo
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