Today, the Cloud Atlas (RF) (Proprietary) Limited AMI Real Estate ex-SA ETF listed on the Main Board of the Johannesburg Stock Exchange (JSE).
The Cloud Atlas Real Estate ex-SA ETF is an investment product that invests in the prime Real Estate companies on the African continent. The companies in this ETF have property portfolios that include residential, retail, industrial and tourism segments as well as new developments.
Donna Nemer, Director of Capital Markets at the JSE says the exchange is excited about the continued growth and development of the ETF industry. "The JSE is seeing an encouraging surge in the listing of new ETFs, which increasingly offer investors greater exposure to a range of sectors and also global markets".
The property sector in Africa offers huge potential for investors looking to get exposure to real estate assets that cater to the changing population dynamics on the continent. The listing will track Africa's Prime Real Estate companies, giving investors Pan African exposure to the changing demographics of the continent and constantly improving skyline.
Maurice Madiba, Chief Executive Officer of Cloud Atlas Investments says they are particularly fond of the AMI Real Estate ETF as it provides a safely structured vehicle to owning property on the rest of the African continent.
"We have a fantastic array of property companies and having an ETF of this nature really lifts the profile of African markets which are otherwise over-looked in favor of developed markets like the US and Europe. The tag line #OwnYourOwn embodies the power ETFs have to transform the investment landscape for ordinary people," added Madiba.
This new listing brings the total number ETFs listed on the JSE this year to 11, with a total market capitalisation of over R72 billion. Nemer adds that ETFs are increasingly playing an important role in opening up the world of investing and the broadening range of ETFs listed on the JSE means that investors now have greater choice.
