The Johannesburg Stock Exchange (JSE) has just unveiled an exciting development in the investment landscape. In a major announcement, JSE has introduced six new Actively Managed Certificates (AMCs) that grant investors access to both local and offshore equity strategies.
Notably, Unum Capital’s Small and Mid-Cap AMCs have taken center stage in this launch, providing investors with unprecedented access to Small and Mid-Cap shares from domestic and international markets. This move follows the successful listing of the Unum Capital Quadmatic Equity (UUQUAD) AMC earlier in June 2023.
Mark Weetman, CEO at Unum Capital, expressed his enthusiasm, stating, “Having successfully launched our flagship equity AMCs, we are excited to add the Small and Mid-Cap portfolios to our investment suite. Investors can now create diversified local and offshore equity portfolios with ease.”
These AMCs offer retail investors a unique opportunity to tap into the expertise of renowned Small-Cap analyst Keith McLachlan of Integral Asset Management. According to Keith, “Local and Global Mid and Small-Cap indices present compelling value, with local segments trading at a 9x PE and over 5% Dividend Yields. Despite historical outperformance, these segments are undervalued compared to large caps.”
The Unum domestic AMC (UUSMC) spotlights the growth of local small caps, while the Unum global AMC (UUGSMC) highlights international Small and Mid-Cap prospects.
Other notable AMCs included in this development are:
- EFPC Model Portfolio (EUFPCL) AMC, employing a momentum-based strategy aiming to outperform the JSE All Share Index.
- Cast Iron Global Special Situation Equity Portfolio (UCIGEP) AMC, focusing on identifying and leveraging special situations in the market.
- AnBro World’s Biggest Brands Portfolio (BRNDZ) AMC, investing in stable, renowned global brands.
- CLP Asia Growth Portfolio (ASIAGR) AMC, designed for investors seeking growth opportunities in Asian markets.
Adèle Hattingh, Business Development and Exchange Traded Products Manager at the JSE, commented on the growing demand for AMCs, citing the need for efficient investment management services in a complex financial market.
Aveshen Pillay, Head of Global Markets for UBS in South Africa, expressed UBS’s excitement about the new AMCs, emphasizing their dedication to innovative investment solutions.
AMCs offer investors a means to benefit from actively managed portfolios, referencing a range of underlying assets, including liquid securities, derivatives, commodities, and currencies, all tailored to specific investment agreements.
This development represents a significant step forward for investors seeking diverse and actively managed investment opportunities on the JSE. Stay tuned for further updates on this exciting development.
Photo Source: Google
By: Delino Gayweh
Serrari Financial Analyst
24th September, 2023
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