Ashburton expands exposure to global equity markets

(Left to Right): Donna Nemmer, Director of Capital Markets at JSE Limited, Dr Vladimir Nedeljkovic, Head of Fund Solutions at Ashburton Investments and John Burke, Director Issuer Regulations at JSE Limited.

(Left to Right): Donna Nemmer, Director of Capital Markets at
JSE Limited, Dr Vladimir Nedeljkovic, Head of Fund Solutions at Ashburton
Investments and John Burke, Director Issuer Regulations at JSE Limited.

By MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – THE new Ashburton Global 1200 Equity Exchange Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE).
It becomes the ninth ETF to list this year.
The listing on Friday brings the total number of ETFs listed on the JSE to 58, with a total market capitalisation of R79 billion (US$5,7 billion).
Donna Nemer, Director of Capital Markets at the JSE, said the listing offers South African investors another vehicle with which to gain exposure to global markets.
“Interest to invest in exchange traded products has seen steady growth globally, as well as in South Africa,” Nemer said.
“Whether you are a first time investor or an experienced professional managing risk, ETFs provide an easy, cost effective investment option with a broad range of securities,” she added.
Samantha Schoeman, Head of Index Solutions at Ashburton Investments, said the Ashburton Global 1200 Equity ETF provided investors with access to a diverse investment portfolio, both from a currency and geographic perspective at an expected Total Expense Ratio (TER) of only 0,45 percent.
“From the perspective of South African investors, most benefits will be gained from investing in developed market equities as they would typically have local equity exposure already,” Schoeman said.
Currently the portfolio has its biggest exposures to the United States at 57 percent, followed by 7,8 percent to Japan and 6,5 percent to the United Kingdom.
The Ashburton Global 1200 Equity ETF will track the S&P Global 1200 index to give investors efficient exposure to global equity markets.
The index boasts exposure to some of the largest and well-respected companies globally, and captures approximately 70 percent of the world market cap covering seven distinct regions and 30 countries.
– CAJ News

Short URL: http://cajnewsafrica.com/?p=23007

Posted by on Oct 6 2017. Filed under Africa & World, Finance, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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