Making History: Inside Tanzania’s First ETF & Vertex Bond Fund
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In this comprehensive episode, we explore the ground-breaking launch of Tanzania's first Exchange Traded Fund (ETF) and Vertex Bond Fund, marking a significant milestone in the country's financial landscape. Our special guest, Ahmed Nganya, Manager of Advisory & Capital Markets at Vertex International Securities Limited the brokerage, fund manager, and advisory firm behind these innovative products joins us to share his insights.
We begin with the Vertex Bond Fund, where listeners will discover how they can start investing with as little as 500 Tanzanian shillings. Ahmed explains the flexibility offered to investors, including the option to withdraw 100,000 shillings or more in cash or have Vertex invest in a 20 or 25-year government bond on their behalf, with an attractive return rate of over 14% per annum.
Next, we delve into the VIS ETF, which allows investors to start with just 20,000 shillings and own shares in five of the best-performing companies on the Dar es Salaam Stock Exchange (DSE): CRDB, NMB, DSE, NICOL, and Afriprise. Ahmed provides insights into how these funds offer diversification and accessibility, making them an appealing option for both new and seasoned investors.
Throughout the episode, we discuss the strategic reasons behind launching these funds in Tanzania, the expected impact on the local economy, and what this means for investors looking to diversify their portfolios with innovative financial instruments. Whether you're curious about how to begin investing or eager to understand the broader implications of these financial products, this episode is packed with insights and practical advice to help you navigate the world of ETFs and bond funds.
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