BSE prepares for second ETF listing

Nedbank Capital's BettaBeta ETF exactly replicates the FTSE/JSE Equally Weighted Top 40 Index, which comprises 40 of the largest and most prominent companies listed on the JSE. The list of blue chip companies is re-assessed every quarter to make sure that it is always reflective of the "best of the best."

Yesterday, BSE Product Development Manager, Thapelo Tsheole, said the local bourse had received Nedbank Capital's application to float the ETF and that all indications were that a listing was imminent, possibly by the end of the month.