THE Cass Saddle Agriculture Exchange Traded Fund (ETF) has had a strong start on the Zimbabwe Stock Exchange, gaining 32 percent in its first four trading sessions despite the current bear market.
ETFs are funds that track the performance of a specified security which include but are not limited to indices, commodities, currencies or any other asset. Ordinarily, these funds are open ended and unleveraged, meaning they are fully funded.
Zimbabwe’s fifth ETF, which was introduced by Cass Saddle Asset Management last Thursday, tracks the Agriculture Index of the Zimbabwe Stock Exchange (ZSE).
The initial constituents of the fund include National Foods, British American Tobacco and Tanganda Tea C
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