New ETF sparks market interest

Due to list on the Botswana Stock Exchange (BSE) on May 11, the BettaBeta tracks the performance of the FTSE/JSE Top 40 Index, which itself consists of the top performing global companies across sectors such as industrial, resources and financials. Each BettaBeta share represents a stake in the performance of each of the Top 40 companies, which include Anglo America, Old Mutual, Investec, MTN, SABMiller, BHP Billiton and others.

On Tuesday, Nedbank Capital's Head of Beta Solutions, Nerina Visser told journalists preliminary spadework ahead of the listing had already indicated interest in the ETF. Last November, Nedbank Capital - the ETF's sponsors - took their product on roadshows to local institutional investors.