LISTING OF THE EXCHANGE TRADED FUND ON THE UGANDA TREASURY MARKET BY TOLEA SECURITIES LTD
ALTX East Africa (ALTX) and Tolea Securities Ltd (Tolea) are pleased to announce that the first ever Uganda Treasury Market Exchange Traded Fund (ETF) listing was successfully launched on Monday 12th April 2021 on the ALTX securities exchange.
Comprised of a carefully curated basket of government Bonds, the ETF grows the investment options available to Ugandans. This listing is a further ALTX innovation that helps create a vibrant securities market tailored to the reality of our local investors.
Amongst various other benefits, the ETF listing offers investors:
• Greater transparency in the Ugandan bond market;
• Diversified holdings across a range of yields and tenors;
• Protection from short-term shocks based on interest rate/market changes.
The ETF also offers participation as a TSL Investor, authorised by ALTX, who is permitted to add to and redeem from the bond stock held in the ETF within the parameters set for constitution of the ETF.
ALTX and Tolea will continue working together to make affordable and accessible investment options widely available to those who require them. ALTX and Tolea invite all Ugandans to invest in order to strengthen the foundation of their finances.