Zimbabwe Stock Exchange Celebrates 4th Anniversary of First ETF Listing

Press Release

By Deborah Fuhr, Managing Partner, ETFGI   January 7, 2025

The Zimbabwe Stock Exchange (ZSE) is celebrating the 4th anniversary of the listing of its first Exchange Traded Fund (ETF). On January 13, 2021, Old Mutual listed the Old Mutual ZSE Top Ten ETF (OMTT.ZW), which tracks the ZSE Top 10 Index, comprising the largest ten companies by market capitalization on the ZSE. Recently, a decision was made to delist the Old Mutual ZSE Top Ten ETF on or after January 14, 2025.

Today, the ZSE hosts four ETF providers offering a total of five ETFs: three index ETFs and two actively managed ETFs.

  • Morgan & Co Multi-Sector ETF (MCMS.zw): Zimbabwe's first actively managed ETF, designed to outperform the ZSE All Share Index.
  • Morgan & Co Made in Zimbabwe ETF (MIZ.zw): An actively managed ETF investing in companies that produce goods and services within Zimbabwe.
  • Cass Saddle Agriculture ETF (CSAG.zw): Tracks the ZSE Agricultural Index, investing in companies involved in farming, agricultural production, and related services.
  • Datvest Modified Consumer Staples ETF (DMCS.zw): Tracks the ZSE Modified Consumer Staples Index, investing in the consumer staples sector, which includes essential products such as food and beverages.

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Zimbabwe was the fifth country in Africa to list an ETF, following South Africa, Nigeria, Kenya, and Egypt.

 

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ETFGI (www.ETFGI.com), a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, annual regional ETFGI Global ETFs insight summit events, and ETF TV (www.ETFtv.net) on global ETF industry trends. 

Deborah Fuhr, CFA Fellow, Managing Partner & Founder, ETFGI
Founder and board member of Women in ETFs Inc, founder, board member and co-president on Women in ETFs EMEA

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

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