Second ETF enters local market

In July, Absa Capital listed the BSE's inaugural ETF, marking a milestone in the local bourse's development and the expansion of asset classes in the country. Absa's gold ETF is presently a hit with investors as the gold price recently broke through US$1, 400 (P8, 960) per ounce.

With the ground laid, Nedbank is hoping the BettaBeta ETF will prove popular with local retail and institutional investors, all of whom are eager for investment opportunities, particularly the low-cost, flexible type provided by ETFs.