Bringing you live news and features since 2006 

First ETF lists on Nairobi Stock Exchange

RELATED TOPICS​

The Nairobi Stock Exchange now has its first exchange traded fund with the listing of the NewGold ETF.

The ETF, a cross listing of a fund that first launched on the Johannesburg Stock Exchange back in 2004 and is also available in five other African countries including Botswana and Ghana, was approved by Kenya’s Capital Markets Authority (CMA) last month.
 
NewGold Issuer (RF) Limited, an affiliate of Barclays, has issued listed 400,000 Gold Bullion Debentures on the Nairobi Securities Exchange (NSE) main investment market segment.
 
The NewGold ETF gives Kenyan institutional and retail investors access to the spot price of gold.
 
“This is a critical milestone in positioning Kenya as a gateway for regional and international capital flows by developing creative products that promote investor confidence in regional products. This is a step toward Kenya becoming a choice investment destination,” says CMA chief executive Paul Muthaura.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by