Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function


Nigeria moves to create ‘bad bank’

July 19, 2010--Nigeria took a step closer to resolving its financial crisis on Monday when Goodluck Jonathan, president, approved the creation of a “bad bank” to soak up some of the estimated $10bn of bad loans that brought the banking system to the brink of collapse last year.

Almost a year after Nigeria’s once-booming banking sector was rocked by revelations of reckless lending gone awry, Mr Jonathan backed a public asset management company similar to those employed by Ireland and other crisis-hit rich countries.

The creation of the bank marked “an important turning point for the return to strong economic growth and financial system stability”, Mr Jonathan said.

read more

Source: FT.com


Bonds tad firmer on short-covering

July 16, 2010-- South African bonds were slightly firmer in late trade on Friday, which dealers attributed to a bit of short-covering.
By 15:50 the short-term government R154 bond was bid at 6.590% after closing at 6.530% on Thursday and the medium-term R157 was at 7.730% from 7.755% at its previous close.

The long-term R186 was bid at 8.900% from 8.915% at its previous close.

The rand was bid at R7.5832 to the dollar from R7.5259 at its previous close.

"It's been very quiet today, but bonds have firmed slightly on some short covering going into the weekend," said a local trader.

read more

Source: FIN 24


Wall Street slump hurts JSE

July 16, 2010-- Much like Thursday, the JSE shed its earlier gains in the afternoon session on Friday, tracking a retreat on Wall Street amid poor US economic data and company earnings which came in below expectations.

The JSE was however ended relatively flat at its close having gained more than 350 points by lunch.

By 5pm the JSE all share index had gained 0.20%. Resources however, declined 0.41%, along with gold producers 0.98% lower, and Platinum miners lost 0.87%. Banks moved 1.02% higher, financials pocketed 0.54%, and industrials climbed 0.61%.

read more

Source: FIN24


Rand remains softer vs euro

July 16, 2010--The rand remained range-bound against the major currencies in late afternoon trade on Friday but was weaker against the euro which rose to a two-month high against the dollar.

Naeem Ebrahin, a currency dealer from Standard Bank, attributed the rand's weakness against the euro to reduced fears about the European fiscal deficits.

He added that the lingering concerns about the slow pace of the US economic recovery was weighing on the dollar.

read more

Source: FIN24


JSE surges ahead

July 9, 2010--The JSE ended on a strong note on Friday, bringing gains for the week to nearly 4% as Wall Street continued to cheer up local investors, who are turning attention to the kick-off of the earnings season in the US.

At its close, the JSE all share index gained 0.78%, with resources 1.30 firmer. Platinum miners rose 0.36%, and gold miners rallied 1.70%. Banks added 0.52%, financials profited 0.26% and industrials were up 0.54%.

read more

Source: Fin 24


Rand range-bound in light trade

July 9, 2010--The rand remained range-bound in late afternoon trade on Friday with a softer bias against the US dollar.
A local trader said the South African currency bounced off the near R7.50 rand vs the dollar level as the euro came off against the dollar.

However, he said that overall the market was quite and trade thin.

At 15:47 local time the rand was bid at R7.5662 to the dollar from R7.5461 at Thursday's close. It was bid at R9.5535 to the euro from R9.5900 before and at R11.4158 against sterling from R11.4567 at its previous close.

read more

Source: FIN24


Bonds flat in late trade

July 9, 2010--South African bonds were flat in late trade on Friday, pretty much unchanged from earlier levels.
By 15:55 the short-term government R154 bond was bid at 6.515% after closing at 6.500% on Thursday and the medium-term R157 was at 7.730% from 7.735% at its previous close.

The long-term R186 was bid at 8.850% from 8.810% at its previous close.

The rand was bid at 7.5456 to the dollar from 7.5461 at its previous close.

"It's been dead quiet today, with no data to take direction from. Bonds are flat and are trading around the same levels they were earlier on," said a local trader.

read more

Source: FIN24


Marcus gloomy on SA recovery

July 7, 2010-- The reality is the global economy probably never emerged from the crisis and this has significant implications for growth outlooks in South Africa, Reserve Bank Governor Gill Marcus said on Wednesday.

Speaking on Wednesday at a Power Breakfast club function at the Johannesburg Country Club, she added the weak global backdrop and slow recovery by banks served up a "tough outlook" that South Africa needed to factor in.

"The recovery in South Africa is hesitant, fragile and uneven," she said.

She noted that there are limits to what can be done by monetary policy on its own, with fiscal policy, a more stable rand, closing the output gap, job creation and too high executive pay also important considerations. But she stopped short of saying there was a new policy to intervene on the rand.

read more

Source: FIN24


Deutsche Bank ETF Posts 51 Percent Income Fall

July 5, 2010--THE Deutsche Bank X-trackers MSCI FTSE 100 Trust reported a 51% fall in income for the year to December as a result of poor performances in most of the underlying company shares in the trust, it was announced on Friday.

Despite the fall in income, the trust's revenue rose 42% from R14,1m to R20m.

The trust is an exchange traded fund (ETF), which are investment funds traded on stock exchanges.

read more

Source: All Africa


JSE pulls back ahead of US jobs data

July 2, 2010--The JSE gave up some earlier gains at noon on Friday as wary investors focused on the upcoming US non-payroll data, ignoring news that Australia has decided to replace a proposed Resource Super Profits Tax with a Mineral Resource Rent Tax (MRRT).

By noon local time the JSE all share index had risen slightly 0.12%, with resources up 0.46%, but gold miners shedding 1.07% and platinum miners off 0.29%. Banks were down 0.40%, and financials were 0.31% lower, while industrials were flat (+0.02%).

read more

Source: FIN24


Americas


July 09, 2025 Innovator ETFs Trust files with the SEC
July 09, 2025 Tidal Trust II files with the SEC-3 Defiance ETFs
July 09, 2025 BlackRock ETF Trust files with the SEC-iShares International Equity Factor Rotation Active ETF
July 09, 2025 Virtus ETF Trust II files with the SEC-Virtus IG Public & Private Credit ETF
July 09, 2025 BlackRock ETF Trust files with the SEC-iShares Infrastructure Active ETF

read more news


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

read more news


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

read more news


Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
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

read more news


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

read more news


ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
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

read more news


White Papers


view more white papers