Cloud Africa lists new hard-currency ETF
SA investors sitting on cash now have an opportunity to diversify away from rand-based earnings to dollar-based earnings: Cloud Atlas CEO Maurice Madiba. 09:22
SIMON BROWN: I’m chatting now with Maurice Madiba, CEO of Cloud Atlas, about the new exchange-traded fund (ETF) just listed, the S&P Africa Hard Currency Sovereign Bond Select Index. Maurice, I appreciate the early morning time. A couple of important points: it is hard currency. In other words, we’ve got Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa â but these are government bonds being issued in dollars; I imagine some euros as well.