Cloud Atlas Limited has listed two (2) Exchange Traded Funds (ETFs) on the Botswana Stock Exchange (BSE). The two ETFs are Cloud Atlas S&P Africa Sovereign Bond Fixed Income and Cloud Atlas AMI Big50 ex- South Africa.
A statement from the BSE said the former offers investors access to listed African Hard Currency Bonds by tracking an index developed in conjunction with S&P which offers investors a basket of quality credit-rated, high-yielding, and long-dated debt issued by African countries. The portfolio consists of USD bonds issued by: Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa, paying on average approximately 6.8% yield per annum in USD.
“I am overwhelmed by the resounding and positive response to our market by issuers especially now when markets are still battling recovery,” BSE CEO, Thapelo Tsheole said. “This goes to show that our efforts to grow the number and diversity of our issuer base is bearing fruit. We welcome the 2 ETFs from Cloud Atlas Limited and look forward to a dynamic market”
BSE said the latter also offers investors exposure to African equity, except South Africa, and tracks 15 sectors across 14 different countries. The portfolio is designed to reflect a liquid basket of constituents for investors looking for Pan African exposure without the hassles of deciding what to buy. It provides investors with the benefit of being exposed to the growth potential of the continent’s stock markets. The portfolio consists of stocks from Botswana, BRVM (Ivory Coast), Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria, Tunisia.
The ETFs were listed on BSE on 8 September 2021.