ASBI - S&P African Sovereign Bond ETF
The Cloud Atlas S&P Africa Sovereign Bond ETF is a portfolio in the Cloud Atlas Collective Investment Scheme in Securities that offers investors access to listed Eurobonds that track high-yielding, long-dated debt issued by African sovereign countries. The ETF portfolio consists of African sovereign bonds traded and cleared on the London and Luxemburg stock exchanges that are issued by the Governments of Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa. The fund aims to closely track the performance of the S&P Africa Sovereign Bond Select Index by investing in high yielding bonds of countries represented by the index.
The S&P Africa Sovereign Bond Select Index is a sub-index of the S&P Africa Hard Currency Sovereign 1+ Year Bond Index designed with the goal of selecting tradable, high-income securities. Constituents must have a maturity of at least one year from the rebalancing reference date and be rated ‘B-’ or above from all of S&P Global Ratings, Moody’s, and Fitch. The index is comprised of bonds issued by African Sovereign Governments denominated in Euros, Japanese Yen, and U.S. Dollars from the African countries with a credit rating above ‘B-’, currently: Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, and South Africa.
NOTE: Shares of S&P African Sovereign Bond ETF are currently suspended from trading on the Johannesburg Stock Exchange (JSE) since close of trading on Tuesday, September 20, 2022. S&P African Sovereign Bond ETF is traded on the JSE under the ticker symbol “ASBI”. The International Securities Identification Number (ISIN) of JSE:ASBI is ZAE000297354. S&P African Sovereign Bond ETF is currently the 420th most valuable stock on the JSE with a market capitalization of ZAR 804,510.
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ASBI Stock Market Performance
The current share price of S&P African Sovereign Bond ETF (ASBI) is ZAR 70.00. ASBI closed its last trading day (Friday, September 16, 2022) at 70.00 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.4% gain over its previous closing price of 69.00 ZAR. S&P African Sovereign Bond ETF began the year with a share price of 101.99 ZAR but has since lost 31.4% off that price valuation.
S&P African Sovereign Bond ETF has traded a total volume of 2,805 shares—in 132 deals—valued at ZAR 199,151 over the past three months (Jun 23 - Sep 20, 2022), with an average of 45 traded shares per session. A volume high of 994 was achieved on September 15th for the same period. The table below details the last 10 trading days of activity of S&P African Sovereign Bond ETF on the Johannesburg Stock Exchange.
Profile of Cloud Atlas RF (Pty) Limited
Cloud Atlas RF (Pty) Limited was founded on May 14, 2013 and operates in the Financials sector, specifically, the Investment Services industry.
Factsheet of Cloud Atlas RF (Pty) Limited
- Investment Services
- 1st Floor, Victoria Gate West, Hyde Park Lane, Cnr Jan Smuts and William Nicol, South Africa
ASBI Industrial Market Competitors
Cloud Atlas RF (Pty) Limited, issuers of the ASBI and Cloud Atlas AMI Big50 ex-SA ETF (-9.26%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|ARA||Astoria Investments Ltd||403M||7.20||+44%|
|RACP||RECM and Calibre Limited||736M||14.80||+34.6%|
|SBP||Sabvest Capital Limited||3.24B||82.00||+34.4%|
|4SI||4Sight Holdings Limited||191M||0.29||+31.8%|
|STXNDA||Satrix MSCI India Feeder ETF||185M||64.01||+18.1%|
|STXHLT||Satrix Healthcare Innovation ETF||30.7M||64.36||+16.4%|
|NFEVAL||NF Equity Value ETF||395M||13.30||+13.8%|
|STXFIN||Satrix FINI Portfolio||1.1B||16.52||+10.4%|
|NGPLT||NewGold Platinum ETF||5.98B||162.59||+10.2%|
|STXRAF||Satrix RAFI 40 Portfolio||1.28B||21.95||+9.97%|