Morgan & Co launches Made in Zimbabwe ETF

Morgan & Co launched an Exchange Traded Fund (ETF), named Made in Zimbabwe which was listed on the Zimbabwe Stock Exchange (ZSE), on the 17th of June 2022. ETFs are a basket of stocks pooled together that you can buy and sell during market hours, potentially lowering your risk and exposure, while helping to diversify your portfolio.

Morgan & Co’s Made in Zimbabwe ETF has 10 equities of different weights namely Amalgamated Regional Trading (40.6%, Nampak Zimbabwe (22.3%), Hippo Valley (15.9%), Turnall Holdings (8.5%), Delta Corporation (4.1%), StarAfrica (3.2%, British American Tobacco (2.7%), Innscor Africa (2%) and Lafarge Cement (0.6%). (source: The Herald)

First Quarter External Trade Update Released

Zimbabwe’s trade deficit narrowed to US$49.9 million in April 2022, from a deficit of US$156.2 million recorded in March 2022, largely due to a 10.7% decline in imports against a 5.3% increase in exports in April 2022.

Total exports increased by 5.3% month-on-month to US$587.3 million in April 2022, from US$557.6 million recorded in March 2021, largely buoyed by increases major exports of semi-manufactured gold (+30.5%), flue-cured tobacco. (+30.5%) and Nickel mattes (+21.6%.

The value of imports decreased by 10.7% m/m to US$637.2 million in April 2022, from US$713.8 million in March 2022. Zimbabwe’s major imports include fuel, machinery and equipment, motor vehicles, cereals and pharmaceuticals. (source: ZIMSTAT)

Zimbabwe’s year on year inflation now stands at 191.6%

Galloping, Zimbabwe’s month on month inflation rose by 9.7% to 30.7% in June. Year on Year inflation now stands at 191.6% according to Zimstat. (source: ZIMSTAT)

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio
Client Image

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio
Client Image

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio
Client Image

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio
Client Image

It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about

Shams W.Pawel Founder & CEO of XpeedStudio
Client Image
 
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