← Rich Auntie Chats
Making History: Inside Tanzania’s First ETF & Vertex Bond Fund artwork

Making History: Inside Tanzania’s First ETF & Vertex Bond Fund

Rich Auntie Chats
S7 E348:16
Play episode

Show notes

In this comprehensive episode, we explore the ground-breaking launch of Tanzania's first Exchange Traded Fund (ETF) and Vertex Bond Fund, marking a significant milestone in the country's financial landscape. Our special guest, Ahmed Nganya, Manager of Advisory & Capital Markets at Vertex International Securities Limited the brokerage, fund manager, and advisory firm behind these innovative products joins us to share his insights. We begin with the Vertex Bond Fund, where listeners will discover how they can start investing with as little as 500 Tanzanian shillings. Ahmed explains the flexibility offered to investors, including the option to withdraw 100,000 shillings or more in cash or have Vertex invest in a 20 or 25-year government bond on their behalf, with an attractive return rate of over 14% per annum. Next, we delve into the VIS ETF, which allows investors to start with just 20,000 shillings and own shares in five of the best-performing companies on the Dar es Salaam Stock Exchange (DSE): CRDB, NMB, DSE, NICOL, and Afriprise. Ahmed provides insights into how these funds offer diversification and accessibility, making them an appealing option for both new and seasoned investors. Throughout the episode, we discuss the strategic reasons behind launching these funds in Tanzania, the expected impact on the local economy, and what this means for investors looking to diversify their portfolios with innovative financial instruments. Whether you're curious about how to begin investing or eager to understand the broader implications of these financial products, this episode is packed with insights and practical advice to help you navigate the world of ETFs and bond funds. Hosted on Acast. See acast.com/privacy for more information.

More from this show

More
  1. Building More Than a Business: The Journey of Wealth, Leadership & Legacy

    What if you spent 20 years building a successful business, only for everything to fall apart the moment you stepped away? Building a business is one thing. Building wealth that la…

    S9 E402:17:18
  2. Beyond Wealth: Trusts, Life Insurance & Building Financial Security That Lasts Generations

    What if the smartest way to protect your family wealth is not simply building more wealth, but putting the right structures in place to protect it? In this episode of Rich Auntie C…

    S9 E301:00:31
  3. The Blueprint of a Life You Love: How to Create and Execute Your Personal Strategic Plan

    What if the life you want isn’t something you simply stumble into, but something you can intentionally design? In this episode of Rich Auntie Chats, Neema Grace shares how creatin…

    S9 E201:08:45
  4. The Family as a Wealth Unit: Vision Planning, Goal Setting & Building Generational Prosperity

    Generational wealth is often discussed in terms of assets, investments, and income. But what happens when the people building that wealth are not moving in the same direction? In…

    S9 E102:07:21
  5. Starting Small, Dreaming Big: How to Begin in Real Estate Without Billions

    Do you think you need billions to start investing in real estate? Think again. In this episode of Rich Auntie Chats, Kelvin Manaseh breaks down what it really takes to get started…

    S8 E1001:46:59
  6. The Cambridge Executive MBA Journey: Motherhood, Travel, Career & The Pursuit of Excellence

    What does it really take to become the woman you know you’re capable of becoming? For Anna Mwasha, it took courage, sacrifice, motherhood, long-distance travel, imposter syndrome,…

    S8 E901:01:02
Now Playing