HomeHome SearchSearch MenuMenu Our productsOur products

The Stock Exchange of Mauritius will launch an ETF tracking the JSE's top stocks next month

by , 21 July 2014

At the end of last week, the Stock Exchange of Mauritius (SEM) announced it plans to launch an exchange traded fund (ETF) tracking the 40 largest companies on the Johannesburg Stock Exchange (JSE). Let's take a closer look at the move by the SEM…

The Stock Exchange of Mauritius is expanding

The SEM is trying to boost the investment options available to investors, says Africa Money. And part of these plans is the launch of an ETF tracking “South Africa’s 40 biggest companies”.

The “ERAFI-40 ETF” should hit the SEM at the end of next month, adds Africa Money. It’s a collaboration between the SEM and “Barclays Plc’s ABSA unit”.

Once launched on the SEM, the ETF will be the third largest, says IOL.

The addition of this new ETF is part of the SEM’s plan to expand, says Bloomberg.

The SEM will tighten up regulation

Sunil Benimadhu, the CEO of the SEM, says the exchange is also planning to increase the size of its large company index, adds Bloomberg. This will see the SEM-10 Index replace the current SEM-7 Index when it adds “three extra shares to the measure”.

And the exchange will “’a reserve list’ of five stocks, instead of three, to give investors the ability to create a ‘benchmark portfolio of 15 actively traded stocks,” says MoneyWeb.

The SEM will also take steps to tighten regulations to remove companies that don’t meet its listing rules, reports Africa Money. But will also make its rules for listing easier to encourage companies to list.

So in just over a month’s time, the new ETF tracking the JSE Top 40 Index should launch.

*********** Recommended Product ************

Do you want to earn an extra R8,589 per month from simply opening an SMS?

What I'm about to show you only takes about five minutes to put into action...

You won't have to crunch any numbers...

You won't have to calculate anything...

Click here to find out how you can earn an extra R8,589 per month


The Stock Exchange of Mauritius will launch an ETF tracking the JSE's top stocks next month
Rate this article    
Note: 5 of 1 vote

Related articles

Related articles

Trending Topics