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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Home Companies & Markets

      African Domestic Bond Fund lists on the Botswana Stock Exchange

      mm by Staff Writer
      September 15, 2022
      in Companies & Markets
      Reading Time: 2 mins read
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      African Domestic Bond Fund lists on the Botswana Stock Exchange

      (Left to Right) MCB Investment Management Head of Fixed Income & Currencies, Mr. Yadav Abhimanyu, BSE CEO, Mr. Thapelo Tsheole and African Development Bank Principal Investment Officer – Capital Markets, Mr. Albin Kakou

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      African Domestic Bond Fund (ADBF) Exchange Traded Funds (ETF) has listed on the Botswana Stock Exchange (BSE).

      African Domestic Bond Fund, domiciled in Mauritius, provides access to local currency African fixed income markets in a cost efficient, liquid and transparent manner. The AfDB acts as an anchor investor and sponsor, with a view to promote local currency finance and contribute to the development of local currency capital markets across the African continent.

      The ADBF ETF tracks the performance of the AfDB Bloomberg African Bond Index 25 percent Capped, before fees and expenses and is primary listed on the Stock Exchange of Mauritius denominated in USD and the secondary listing on the BSE will be denominated in BWP. Commenting on this milestone, the BSE CEO, Thapelo Tsheole expressed gratitude to the MCB and AfDB teams for choosing to list this product on the BSE. “This goes to show that our strategic objective of growing the number of instruments and the diversity of our issuer base is bearing fruit. We recognize the hard work and dedication by the various teams involved in this listing across Africa as we welcome this product on the BSE.”

      ADBF is a foreign debt securities CIS structured as an Exchange Traded Fund (ETF),which aims to track in a cost-efficient manner the performance of the AfDB/AFMISM Bloomberg® African Bond Index 25 percent Capped (the “Index”) – Ticker BADBC – before fees and expenses, by investing principally in the sovereign bonds of African countries. ADBF’s total return as at 29 July 2022 is 30.8 percent (in USD) and 52.2 percent (in BWP).

      Given liquidity considerations and transaction costs, ADBF strategically does not invest in all the bonds but seeks to achieve its investment objective by employing a “stratified sampling” approach to match the Index’s characteristics and returns by investing in a well-diversified portfolio that represents the Index. The Manager endeavors to invest only in the most liquid maturities in each market and adopts an enhanced strategy which allows it to deviate on its country weightings by up to 5 percent from the Index allocations to optimise on liquidity and ensure a smooth operation of the Fund. ADBF may also invest up to 20 percent in Non-Member Securities.

      Tags: African Domestic Bond Fund (ADBF)Botswana Stock Exchange (BSE)Exchange Traded Funds (ETF)Thapelo Tsheole

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