JSE to allow actively managed ETFs in October.

South African investors will be able to trade actively-managed Exchange Traded Funds (ETFs) on the Johannesburg Stock Exchange (JSE) in mid-October, helping to bring the local bourse in line with practices already put in place by many of its global peers. Unlike the traditional index-tracking ETFs that investors can already trade on the JSE, these engage the services of fund manager to adjust investments with an eye to maximising returns, making them even more similar to mutual funds. Thus, they are not adhering to the passive investment strategy usually synonymous with ETFs. <a href="https://kaya959.co.za">Kaya 959</a>