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.
S&P African Sovereign Bond ETF is listed on the Johannesburg Stock Exchange (JSE) since July 28th, 2021. 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 426th most valuable stock on the JSE with a market capitalization of ZAR 991,694.
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ASBI Stock Market Performance
The current share price of S&P African Sovereign Bond ETF (ASBI) is ZAR 79.38. ASBI closed its last trading day (Thursday, June 30, 2022) at 71.25 ZAR per share on the Johannesburg Stock Exchange (JSE). S&P African Sovereign Bond ETF began the year with a share price of 101.99 ZAR but has since lost 22.2% off that price valuation, ranking it 336th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ASBI has lost 12% of the stock’s value from June 2nd to date.
S&P African Sovereign Bond ETF is the 390th most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 30 - Jul 1, 2022). ASBI has traded a total volume of 2,653 shares—in 75 deals—valued at ZAR 235,133 over the period, with an average of 42 traded shares per session. A volume high of 945 was achieved on May 4th 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 (-12.96%) 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.
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|EPE||EPE Capital Partners Ltd||1.64B||5.72||+13%|
|BRT||Brimstone Inv Corp Ltd||1.86B||7.04||+11.8%|
|STXHLT||Satrix Healthcare Innovation ETF||16.2M||58.47||+5.77%|
|NGPLD||NewGold Palladium ETF||476M||311.95||+4.39%|
|ETFPLD||1nvest Palladium ETF||160M||311.38||+4.18%|
|PREFTX||CoreShares Preftrax ETF||416M||10.25||+4.17%|
|STXILB||Satrix ILBI Portfolio||454M||7.20||+3.6%|