AMIB50 Quarterly Review

The second quarter saw the Rand ease significantly peaking at an average 10% -13% against the majors. Egypt, Morocco, Kenya and Uganda kept interest rates steady citing growth prospects and ability to meet inflation targets. Ghana, however, cut its rate by 100bps but managed to raise USD2 billion in double tranche Eurobond. African growth prospects are seen to have been watered down across the board due to US-China trade war implications filtering to some East African nations’ exports to the USA.

The Quarterly rebalance saw five constituents with a combined weighting of 5.32% being replaced with constituents with a combined weighting of 3.70%. Coming in were the following; Nestle Foods Nigeria, Atlanta, Telecom Egypt and Barclays Bank of Zimbabwe. The constituents removed were; Nigerian Breweries, AMI, Global Telecom and Sodeci.

Fund factsheet: https://cloudatlasinvesting.com/ami-big50-ex-sa-etf/big-50-ex-sa-etf-factsheet/

Risk rating: Medium |  Closing price NAV: R 12.20 | Number of units: 1,209,917 |  Total Expense Ratio as targeted: 0.75% | Distribution: ZAR cents 14.315

 

AMIRE Quarterly Review

The AMI Real Estate listed on the 1st of June 2018 at R44.00. The index coverage spans over the following countries; Botswana, Egypt, Ghana, Kenya, Mauritius, Morocco, Mozambique, Nigeria and Tanzania.

Closing price NAV: R 46.35 | Total Expense Ratio as targeted: 0.67% | Distribution: ZAR cents NA

For more information refer to the fund factsheets on the website pages for the above-mentioned products.

Fund factsheet: https://cloudatlasinvesting.com/ami-real-estate-ex-sa-etf-factsheet/

Risk rating: Low | Closing price NAV: R 46.35 | Number of units: 20,933 | Total Expense Ratio as targeted: 0.67% | Distribution: ZAR cents NA