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Quarterly Investor report 2019 Q2

 

AMI Big50 ex-SA ETF

Safaricom CEO Robert Collymore died at the age of 62 after contributing 10 years to the east African Telecom giant. Egypt Global Telecoms has gained after the company’s recent acquisition announcement at a 36% premium of its share price. Zimbabwe has banned imports and exports of maize from Zambia and is experiencing currencies issues since inception of RTGS. As we move into the second half of the year, we see Nigeria depositing its instruments for AFCFTA a huge endorsement of the benefits this trade agreement holds for Africa.

The portfolio rebalanced in the month of June, six constituents with a combined weighting of 6.24% have been replaced with constituents with a combined weighting of 12.43%.

New additions: Press Corporation, Wafa Assurance, Botswana Insurance Hdg., Seplat Ptl.Dev., Sonatel. One Tech Holding.

Removals: Ok Zimbabwe, Sc.Frigor Brass De Tunis, Seed Company Of Zimbabwe, Oando, Societe Generale de Banque, First Capital Bank.

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

Risk rating: Medium |

Closing price: R 13.66 |

Number of units: 1,577,842 |

Total Expense Ratio as targeted: 0.65% |

Distribution: ZAR cents 0.00

 

AMI Real Estate ex-SA ETF

Over the first half of the year the building of new shopping malls, office blocks and government buildings, housing estates is defying economic growth in Nigeria, Zambia, Ghana. We see most African countries Botswana, Ghana, Angola advance in their transparency rankings and have Namibia looking to attract up to U$ 1bn in investments. Namibia is looking stabiles its economic growth through the property market. The hospitality market has received U$500mn from a maiden fund Kasada Capital LP Nigeria looks to have a multi-billion development and residential development drive in Lagos state. Their housing deficit is put in excess of 3 million unit.

The portfolio rebalanced in the month of June. No new companies were added to the fund or existing constituents removed.

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

Risk rating: Low | Closing price: R 37.35 | Number of units: 27,433 | Total Expense Ratio as targeted: 0.70% | Distribution: ZAR cents 0.00