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BSE prepares for second ETF listing

January 12, 2011--The Botswana Stock Exchange (BSE) expects to host the listing of the country's second Exchange Traded Fund (ETF) as early as February, marking further growth of an asset class that debuted on the local bourse last July.

Nedbank Capital's BettaBeta ETF exactly replicates the FTSE/JSE Equally Weighted Top 40 Index, which comprises 40 of the largest and most prominent companies listed on the JSE. The list of blue chip companies is re-assessed every quarter to make sure that it is always reflective of the "best of the best."

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Source: Mmegionline


Emerging Africa Expected To See Rise in Investment

Africa's new trading partners seeking direct investment opportunities
Asset managers looking for countries that inspire investor confidence
Coherent macroeconomic policy, foreign exchange regimes vital January 12, 2011--Having demonstrated resilience during the global financial crisis, Africa’s emerging market countries have good prospects for 2011.
Foreign direct investment, particularly from Africa’s new trading partners in Asia, is expected to strengthen and demand for African bonds is set to increase.

Such diversification of financing sources for much-needed public investment would be welcome, but would also require a coherent macroeconomic policy and foreign exchange regime to cope with capital flow surges, especially if they have historically been prone to debt problems.

More private capital ahead

Advanced-industrial-country policy measures, albeit needed to shore up their own growth prospects, have led to historically low yields and, in some cases, significant increases in public debt. These trends, coupled with strong growth prospects in many emerging markets, have led investors to look further afield.

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Source: IMF


Easing euro-zone fears boost JSE

January 11, 2011-The JSE rallied on Tuesday as newfound optimism about the European sovereign debt crisis helped bolster confidence on the local bourse. Anglo American [JSE:AGL] and BHP Billiton [JSE:BIL], among other resources, led the market higher.

Sentiments improved and uncertainty eased after Japan said it planned buy euro-zone government bonds this month, a trader said. Global equities also rose strongly after the news.

At 17:00 local time, the JSE all share index was up 1.46%, with platinum surging 3.01%, resources rising 1.72% and gold miners gaining 1.63%.

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Source: FIN24


Bonds take strain on back of rand

January 10, 2011--South African bonds were up to 11 basis points weaker in late trade on Monday, on the back of a markedly weaker rand.

By 15:30 local time the benchmark R157 bond was trading at 7.355% from its previous close of 7.240%, while the R207 was bid at 8.210% from its previous close of 8.085%. The R186 was bid at 8.350% from 8.225%.

The rand was bid at 6.8547 to the dollar from its previous close of 6.7799.

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Source: FIN24


Euro-zone debt woes weigh on JSE

January 10, 2011--The JSE sank on Monday on the back of a combination of consolidation and renewed concerns over European debt woes.

The market could be consolidating following strong runs in the past few months, a trader said, noting that domestic share such as retailers and banks had all edged lower.

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Source: FIN24


Council lauds SA's Bric invite

January 10, 2011--- SA's invitation to join the Bric group of countries (Brazil, Russia, India, China) is an affirmation of its role in the world economy and will boost trade and investment, the International Marketing Council (IMC) said on Monday.

"It can expect to boost investment and trade opportunities for the country, as it has done for the other four states comprising the informal grouping," the council said.

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Source: FIN24


Bonds a tad firmer after US jobs data

January 7, 2011--After being weak for most of Friday's session, South African bonds were slightly firmer in late trade, after worse than expected US jobs data.

By 15:45 local time the benchmark R157 bond was trading at 7.230% from its previous close of 7.240%, while the R207 was bid at 8.090% from its previous close of 8.065%. The R186 was bid at 8.240% from 8.215%.

The rand was bid at 6.8074 to the dollar from its previous close of 6.7880.

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Source: FIN24


JSE trims losses on US jobs data

January 5, 2011--The JSE ended the first week of trade in 2011 on a lower gear on Friday, but the local bourse managed to retreat from the day's worst levels after the release of a report showing a drop in the US unemployment rate.

Resources kept the broader market under pressure on softer commodity prices and a strong dollar, an equity derivatives trader said.

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Source: FIN24


Nigerian Securities And Exchange Commission Releases Report Of The Committee On Road Map To The Adoption Of International Financial Reporting Standards In Nigeria

January 6, 2011--Executive Summary
The globalization of capital markets is an irreversible process, and there are many potential benefits to be gained from mutually recognised and respected international accounting standards. Common standards cut the costs of doing business across borders by reducing the need for supplementary information.

They make information more comparable, thereby enhancing evaluation and analysis by users of financial statements. Users become more confident of the information they are provided and presumably, this reduced uncertainty promotes an efficient allocation of resources and reduces capital costs.

There are however some inherent problems with aligning with international accounting standards. This is due to the competing perspectives of different nations, together with the universal tendency to resist change. Too often cooperation comes only from compromise and sometimes to the detriment of quality. On the regulatory side, tolerating the use of different standards by foreign and domestic companies not only detracts from comparability but may also undermine domestic financial reporting. The ultimate effect of various proposals in Nigeria to ease requirements for foreign issuers could significantly erode comparability.

This report contains the Roadmap on the adoption of International Financial Reporting Standards (IFRS) (issued by the International Accounting Standards Board) as basis for the preparation of statutory financial statements in Nigeria.

view the Report of the Committee on Road Map to the Adoption of International Financial Reporting Standards in Nigeria

Source: Nigerian Accounting Standards Board


Rand's weakening trend persists

January 6, 2011-- The rand remained softer in afternoon trade on Thursday as the currency's weakening trend persisted.

"The market is really waiting for the US non-farms payroll data for December that's out tomorrow [Friday]," a currency analyst said.

"If that number is a lot stronger than expected, then the dollar rally will persist until next week - but if not, the rand should claw its way back," he added.

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Source: FIN24


Americas


July 03, 2025 ARK ETF Trust files with the SEC-4 ARK Q Defined Innovation ETFs
July 03, 2025 Tidal Trust II files with the SEC-YieldMax(R) SCHD DoubleDiv(TM) ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Mar ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Jun ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Sep ETF

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Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update

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Global ETP News


July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective
June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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