INTERNATIONAL: Cross Listing of Exchange Traded Funds on African Exchanges

Thursday August 13 2015

The Johannesburg Stock Exchange has announced that investors are to gain exposure to shares listed on Johannesburg, Kenyan and Nigerian stock exchanges. Discussions are currently underway between market participants in Nigeria, Kenya and South Africa to launch the cross listing of Exchange Traded Funds (ETFs).

The concept of cross listing an ETF is the same as cross listing a share, or listing it on more than one exchange. It provides domestic investors with access to opportunities from another market, in the convenient and cost effective form of an ETF. By cross listing ETFs on African exchanges, investors will be given access to liquid company shares tracked by indices such as the FTSE/ JSE Top 40; the FTSE/ NSE Kenya 15 Index; and the MSCI/Nigeria.

Click on the link above for further details.