The much awaited Old Mutual ZSE Top Ten Exchange Traded Fund was successfully listed on the ZSE Main Board yesterday, the first such financial instrument in the country.
On debut the ETF traded as follows :
| Security code: | OMTT.zw | |
| Opening price: | $1 | |
| Closing Price | $1.0022 | |
| Number of trades | 41 | |
| Volume of trades | 4,732,234 | |
| Turnover value | $4,742,729 | |
| Market cap. | $80,176,000 |
An ETF is a type of security that involves a collection of securities that often tracks an underlying index. Old Mutual’s ETF will be based on the bourse’s top 10 Index.
