ETF Products

Exchange Traded Funds – Main Features

Each share of an exchange traded fund (ETF), also called "Trackers", represents ownership in a fund that holds a portfolio of securities designed to track the performance of a specified index. The performance of the shares closely mirrors the performance of any of the NR Product Indexes, including dividend payments. Unlike traditional funds, ETFs are listed on a recognised exchange and traded throughout the business day.

Index Tracking Funds – The Rationale

ETF's that track any of our NR Product Indexes, offers returns that are superior on a highly consistent basis with lower risk of volatility. The value of using ETF linked NR Indexes is that they largely eliminate the volatility of returns that comes from extreme single stock exposure, non-diversification and emerging market investment risk.

By linking a Fund to our Indexes and listing this on an Exchange, the real reduction of risk comes without any loss in expected return over the investment cycle and therefore should offer an attractive alternative investment to investors with higher risk adjusted return goals.

Some of the Exchanges we deal with are the (i) London Stock Exchange (LSE), (ii) Johannesburg Stock Exchange (JSE), (iii) New York Stock Exchange (NYSE), (iv) Egyptian Stock Exchange (EGX) and the (v) Stock Exchange of Mauritius (SEM).

Benefits of an ETF:

  • Track the level of the Index
  • Traded during the day
  • Pay regular dividends
  • Are priced generally close to net asset value
  • Differ from passive unit trusts because they are listed and trade continuously
  • Have low annual management fees (i.e. between 1% & 0.5%)
  • Are exempt from stamp duty in most jurisdictions
  • Can be used to gain exposure to foreign markets without incurring overseas costs
  • Can be held within a tax efficient vehicle (such as an ISA/Pension Fund)
  • Over 300 funds available globally with assets of over US$230bn

In Summary

ETFs are funds that replicate a Benchmark Index or Product Indexes with a benchmark approach. NR Indexes & Ratings has experience in delivering Index solutions to Banks and Asset Managers looking to launch ETF's on Global Exchanges. Moreover, investing in ETFs can significantly reduce equity-specific risk in a portfolio, as they can be traded like an individual share.

ETF datasheet.xls


If you require more information about Exchange Traded Funds linked to our ETFs and their Index Fact Sheets please register and complete a feedback form.

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Global X Africa NR30:

(a)   Index Fact-Sheet (pdf)
(b)   ETF White Paper (pdf)
(c)   Index Data-Sheet (xls)

CI Egypt ETF:

(a)   Index Fact-Sheet (pdf)
(b)   CICH Index Analysis (pdf)
(c)   Index Data-Sheet (From Launch Date) (xls)
(d)   Index Data-Sheet (3 Yr Backtest) (xls)

Johannesburg Stock Exchange (JSE) Index Listing:

(a)  Data Flow Schematic (pdf)
(b)  Index Provider Requirements (pdf)

New York Stock Exchange (NYSE) Index Listing:

(a)   Data Flow Schematic (pdf)
(b)   Index Provider Requirements (pdf)

The datasheets above are freely available to registered users on request please This email address is being protected from spambots. You need JavaScript enabled to view it. your request.



CEGX | ZAR | 95.4 | +12%
GXAFR | USD | 33.3 | -10%

In the Press & Commentary

(NR Capital) Apr 2017 - African Business Magazine: Why the smart money is heading for African infrastructure

(NR Capital) Jun 2016 - CNBC: The state of infrastructurre developement in Senegal

(NR Capital) Nov 2013 - Nex Rubica Capital presents at the Thomson Reuters 3rd Annual Tradng Africa Summit in Cape Town, South Africa

(NR Capital) Nov 2013 - Nex Rubica Capital panelist at the Inaugural of South African Competiveness Forum an Initiative by Brand South Africa

(NR Capital) Sep 2013 - Triple A Frontier Investments & South African Petroleum Industry Assosiaction Funding Workshop supported by Nex Rubica Capital (Pty) South Africa

(NR Capital) Aug 2013 - Elidata signs with Nex Rubica Capital as Product Partner for Africa Strategy

(NR Capital) Jun 2013 - Nex Rubica Capital presents at the South African Suppliers Diversity Council: 2013 Synergy Conference and Business Opportunity Fair.

(NR Capital) May 2013 -  Nex Rubica Capital joins the Africa panel at The Exporta 5th Annual Trade & Commodity Finance Conference

(NR Indexes) Mar 2012 - Nex Rubica Capital acquires NR Indexes & Ratings LLP

(NR Capital) Jun 2011 - CNBC Africa - Regional Business Roundup on African capital markets

(NR Indexes) Feb 2011: Country Brief: Egyptian Market Highlights 

(NR Capital) Jan 2011 : Deep Impact in Nigeria's Financial Markets

(NR Indexes) Jan 2010: - Electronic Trading Sweeps Africa

NR Indexes: Sep 2008 - Kenya Firms among top performers in Nex Rubica’s African Equity Capital Markets Review

Benchmark Commentary: With the Egyptian Stock Exchange (EGX) still closed, the North African constituent of the NR Africa Top 40 and NR Africa Mid 45 became more sensitive to volatility in the Sub Saharan markets. Nigeria being the major driver in the Top 40 index dropped by -1.4% over the week. Increased price volatility in the Nigerian Banking sector saw more casualties with First Bank, Zenith Bank and Guaranty Trust Bank all losing ground as investors hastily bought shares following the coming M&A activity in the sector. Kenya remained the best performing country in the Top 40 with Telcoms reporting positive numbers of about 5.5% up from last week.

The NR Africa Top 40 saw $118,56mio worth of shares traded this week with liquidity levels on the Benchmark moving up to 0.1% from a year to date high of 0.6%. The NR Africa Mid 45 was less volatile dropping -17.9712 points over the week an equivalent of $31mio. Morocco was the major country looser as it dropped by -2.1% and Industrials by -0.9%. Kenyan stocks dominated the Top 5 list with Mumias Sugar and NIC Bank breaking through this week.

Index Rebalancing Week: The NR Africa Top 40 saw El Ezz Alexandria (Egypt) exit the basket, replaced by Suez Cement (Egypt).



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