South African investment management firm Coronation Fund Managers has listed the first actively managed exchange traded fund (AMETF) on the main board of the Johannesburg Stock Exchange (JSE).
The Coronation Global Strategic USD Income Prescient Feeder AMETF (COUSDI) covers a range of fixed income assets, and grants on-market investors access to an international managed income fund. It is the first in a planned series of AMETF products, Coronation stated, all of which will feed into its UCITS funds.
Pieter Koekemoer, head of personal investments at Coronation, explained: “Our intended suite of AMETFs is set to provide an easy access point for local on-market investors to some of the best international investment opportunities, managed by experienced investment professionals. Coronation is pleased to be at the forefront of this trend as we announce the listing of six AMETF feeder funds into our well-established offshore range.”
Launched in partnership with Prescient Management Company, the AMETF is the 102nd ETF listed on the JSE. This figure has jumped recently as a result of changes to listing regulations, the exchange noted, along with other listed securities.
Adèle Hattingh, manager for business development and exchange traded products at the JSE, commented: “This actively managed approach allows for strategic asset allocation and responsiveness to market changes, offering local investors an opportunity to further diversify their portfolios in a cost-effective manner, while providing improved access to capital. As the JSE, we welcome Coronation Fund Managers’ new range of ETFs as they grow their already expansive investment product portfolio.”
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