Arysteq, the largest independent, wholly-Namibian-owned asset management company, yesterday listed its first Actively-Managed Exchange Traded Fund (AMETF), the Arysteq Short-Term Income AMETF (ASIETF) on the Johannesburg Stock Exchange (JSE).
Approved by the Namibia Financial Institutions Supervisory Authority (Namfisa), the Arysteq Short-Term Income AMETF is the first Namibian-based fund to list on the JSE. It is ideal for investors seeking low-cost, convenient alternatives to traditional non-listed products.
The fund invests in Namibian short- to medium-dated instruments considered risk-free or carrying some credit risk. These include a wide range of instruments issued by banks and other institutions.
“Our values have been central to reaching this important moment,” said Purvance Heuer, managing director of Arysteq. “From our passion for delivering cutting-edge solutions to the innovative thinking behind this product, to our unwavering pursuit of excellence in all that we do — this launch is a true reflection of all our values in action.”
Arysteq is renowned for its innovative approach to investment, consistently delivering above-average risk-adjusted returns through a disciplined, team-based investment process. Currently, Arysteq manages assets worth about N$5 billion, illustrating their significant presence in the market.
“We are thrilled to welcome the Arysteq Short-Term Income AMETF on the JSE. Today’s listing reflects the growing interest and confidence in AMETFs within the market, and underscores our commitment to providing accessible investment solutions, enabling investors to diversify their portfolios,” said Adèle Hattingh, business development and exchange-traded products manager at the JSE.
The initial listing comprises 100 000 participatory interests of the Arysteq Short-Term Income AMETF, with an indicative issue price of 1 000 cents per security.
The listing that took place on 23 April brings the number of ETFs listed on the JSE to 120 with a market capitalisation exceeding R206 billion.