The Johannesburg Stock Exchange (JSE) today announced the listing of two new Actively Managed Exchange Traded Funds (AMETFs) managed by Ninety One. The Ninety One Diversified Income Prescient Feeder AMETF (91DINC) and Ninety One Global Diversified Income Prescient Feeder AMETF (91GINC) expand the JSE’s growing suite of AMETFs, offering South African investors a transparent, liquid and cost-efficient vehicle to access a local and global diversified income-focused strategy, traded in ZAR.
The Ninety One Diversified Income Prescient Feeder AMETF provides investors with access to Ninety One’s well-established multi-asset income strategy in a listed format, targeting stable, above-cash returns with downside risk management. The portfolio is diversified across local bonds, credit, cash, property, and offshore assets, with a strong focus on income generation and capital preservation.
The Ninety One Global Diversified Income Prescient Feeder AMETF offers offshore diversification through a global, low-duration, multi-asset income strategy aiming to deliver US dollar cash +1.5% over rolling 12 months with no negative returns. The focus is on high-quality fixed income assets and built-in currency diversification that seeks to deliver consistent yield while limiting drawdowns.
“At Ninety One, our purpose has always been to help clients achieve long-term results through active management. Our income AMETFs are designed to help investors make their cash work harder, turning idle cash into active income. Guided by our ‘participate and protect’ philosophy, we aim to enable investors to benefit from market participation while preserving their capital, resulting in diversified, robust, and risk-managed portfolios,” said Trinisha Chanka, Active Managed Strategy Lead at Ninety One.
Structured as feeder funds, these AMETFs invest primarily in participatory interests of the Ninety One Diversified Income Fund and the Ninety One Global Diversified Income Fund (USD fund), both established portfolios that seek to enhance SA cash and USD cash returns (converted to ZAR), respectively, whilst maintaining a strong focus on capital preservation. The AMETF structure lets investors access these well-established investment strategiesvia a JSE exchange-traded vehicle, leveraging investment expertise and experience of Ninety One’s 70+ global fixed income investment team, the existing operational efficiency and regulatory compliance of the master fund and additional oversight of the JSE.
“This listing reflects the JSE’s strategic focus on fostering innovation and expanding investor choice in our capital markets. Actively managed ETFs like the Ninety One Prescient Feeder AMETFs offer a compelling blend of active portfolio management and the accessibility, transparency and efficiency of exchange-traded products, particularly valuable in today’s environment where investors are seeking resilient income streams,” said Adèle Hattingh, Business Development & Exchange Traded Products Manager at the JSE.
Ninety One’s AMETFs capitalise on the firm’s more than 30 years of active investment expertise plus the insights of over 240 global professionals.
This listing brings the number of ETFs listed on the JSE to 125 with a market cap exceeding R249 billion.