African Development Bank to launch its first multi-jurisdictional Fixed Income ETF in Africa

The African Development Bank (AfDB) is to launch its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa – the African Domestic Bond ETF (ADBF). The Bank has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as fund manager and approved US$25mn seed capital for the fund Source: African Review African…

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