Vertex International Securities Launches Groundbreaking Investment Products to Revolutionize Tanzanian Capital Markets
Dar es Salaam, Tanzania – Vertex International Securities Ltd is set to transform the local investment landscape with two innovative financial products targeting a substantial capital raise of 10 billion Tanzanian shillings.
The company is introducing two landmark investment vehicles: the Vertex International Securities Exchange Traded Fund (VIS-ETF) and the Vertex Bond Fund, designed to provide investors with unprecedented market access and diversification opportunities.
The Vertex Bond Fund, structured as a Collective Investment Scheme, will focus on fixed-income securities including treasury bills, deposits, and bonds. The fund aims to mobilize 5 billion shillings by issuing 50 million units priced at 100 shillings each, with a minimum purchase of five units to ensure broad market participation.
The VIS-ETF represents a significant milestone as Tanzania’s first exchange-traded fund listed on the local stock exchange. The fund will feature a diversified portfolio of high-performing stocks, including prominent companies like CRDB Bank, NMB Bank, and National Investment Corporation.
Key highlights of the VIS-ETF include:
– Comprehensive market exposure across multiple sectors
– Reduced brokerage commissions
– Enhanced risk diversification
– Transparent and efficient trading mechanism
– Flexibility for both retail and institutional investors
The innovative ETF structure allows for dynamic unit creation and redemption, supported by market makers to ensure price stability and efficient trading. Investors can trade VIS-ETF shares directly on the exchange, gaining simultaneous exposure to multiple high-performing securities.
This strategic launch aims to boost market liquidity, provide accessible investment options, and create more opportunities for Tanzanian investors to participate in the growing financial ecosystem.
