On September, 8, 2021 Cloud Atlas Investing listed two (2) Exchange Traded Funds (ETFs) on the Botswana Stock Exchange (BSE). Cloud Atlas S&P Africa Sovereign Bond Fixed Income and Cloud Atlas AMI Big50 ex- South Africa.
The listing offers loal investors access to listed African Hard Currency Bonds developed in conjunction with S&P which offers investors a basket of quality credit- rated, high-yielding, and long-dated debt issued by African Sovereign countries. The portfolio consists of USD bonds issued by: Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa, paying on average approximately 6.8% yield per annum in USD.
The Big50 offers investors exposure to Africa’s Big 50 constituents, except South Africa, and tracks 15 sectors across 14 different countries. The portfolio is designed to reflect a liquid basket of constituents for investors looking for Pan African exposure without the hassles of deciding what to buy. It provides investors with the benefit of being exposed to the growth potential of the continent’s stock markets. The portfolio consists of stocks from Botswanan, BRVM(Ivory Coast), Egypt, Ghana, Kenya Morocco, Nigeria and Tunisia.