Banking stocks are some of the best performing counters on the NSE riding on their financial performance.
WSA Banking Index ETF launches on NSE in October, bundling Kenya's eight largest banks into single investment vehicle. First locally-domiciled fund enables diversification in 14.3% YoY banking growth and signals NSE's evolution toward innovative capital market products.
By
George Ngigi
Correspondent
Nation Media Group
Investors will have an opportunity to own a portion of banking sector shares traded at the Nairobi Securities Exchange through a single investment vehicle after the Capital Markets Authority gave nod to an Index Exchange Traded Fund (ETF) to be listed on the bourse.
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Kenya’s regulator has approved the first ETF tracking the NSE Banking Sector Index, the market-cap-weighted gauge of 11 listed…
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The listing comes at a crucial time for Kenya's capital markets, as the NSE seeks to revive new listings following years of…
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