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Made in Zimbabwe ETF

An exchange traded fund, or ETF, is a type of pooled investment vehicle that tracks a particular index, sector, commodity, or other asset class. ETFs let you invest in lots of securities all at once, and they often have lower fees than other types of funds. These instruments are typically more liquid than the underlying stocks. ETFs can be managed actively or passively. An actively managed ETF is a form of ETF that has a manager making decisions on the underlying portfolio allocation, while passively managed ETFs mimic the composition of an index as best as possible.

Advantages of ETFs
Easy to trade – You can buy and sell any time of the day, unlike most mutual funds that trade at the end of the day.
Transparency – Most ETFs are required to publish their holdings daily.
More tax efficient – ETFs typically generate a lower level of capital gain distributions relative to actively managed mutual funds.

LAST UPDATE
October 4, 2022 12:41 am
Name of counter
Morgan & Co. Made In Zimbabwe ETF
Short Code
MIZ.zw
ISIN Number
ZW 000 902 004 2
NAV/unit
$0.79
ETF Prospectus
ETF Holdings
The Morgan & Co Made In Zimbabwe ETF is an actively managed fund which primarily invests in Zimbabwean manufacturing companies. Normally, at least 80% of the fund will be invested in Zimbabwe based manufacturing companies whose revenues are primarily derived from manufacturing processes while 20% may be invested in companies who fall outside of this scope. The manager, Zimnat Asset Management, primarily allocates the fund’s portfolio investments using a proprietary model developed by Morgan & Co. research which focuses on firms that are fundamentally sound and well managed and that are reasonably expected to deliver future earnings per share growth in excess of Zimbabwe Consumer Price index.