By Nelson Gahadza-
DATVEST Asset Management Company listed its exchange traded fund (ETF) on the Zimbabwe Stock Exchange (ZSE) yesterday, with the Treasury saying this testified to the Government’s commitment to continuously open up the economy.
Secretary for Finance and Economic Development Ministry’s George Guvamatanga said this at the official launch of the Datvest’s Modified Consumer Staples Exchange Traded Fund (ETF) yesterday.
Mr Guvamatanga said capital markets were part of Zimbabwe’s economic development agenda, which is demonstrated by its unrelenting efforts to continuously open up the economy.
He said efforts were underway by the Government to address financial inclusion disparities in the economy through inviting more players to integrate the national financial inclusion strategy.
“The Datvest Modified Consumer Staples Exchange Traded Fund raised the number of ETFs listed on the Zimbabwe Stock Exchange (ZSE) to three, following the listing of Old Mutual Zimbabwe and Morgan and Co ETFs. Development of these products creates value for retail and institutional investors in our local markets which is commendable,” he said.