Arysteq has become the first Namibian-based asset manager to list an Actively Managed Exchange Traded Fund (AMETF) on the Johannesburg Stock Exchange (JSE).
The Arysteq Short-Term Income AMETF (ASIETF), approved by the Namibia Financial Institutions Supervisory Authority (NAMFISA), was officially listed on 23 April, making it the first of its kind from Namibia to debut on the JSE.
The fund, according to the asset manager, which currently manages approximately N$5 billion in assets – targets investors seeking a low-cost, accessible alternative to traditional non-listed investment products.
“The fund invests in Namibian short- to medium-dated instruments that are considered risk-free or carry some credit risk. These include a wide range of instruments issued by banks and other institutions.”
Arysteq Managing Director Purvance Heuer said the listing reflects the company’s core values and innovation.
“This launch is a true reflection of all our values in action. From our passion for delivering cutting-edge solutions to our pursuit of excellence, we’re proud to bring this product to market,” he said.
The initial listing includes 100,000 participatory interests, priced at 1,000 cents (R10) per security.
Adèle Hattingh, JSE’s Manager for Business Development and Exchange Traded Products, welcomed the listing.
“Today’s listing reflects growing interest in AMETFs and highlights our commitment to accessible investment solutions,” she said.
The addition of Arysteq’s fund brings the total number of ETFs listed on the JSE to 120, with a combined market capitalisation of over R206 billion.
