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What happened to the listing of S&P 500 and London Stock Exchange ETFs?
AN update by Botswana Stock Exchange
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Let’s talk about the promised listing of the S&P 500, London and Japanese stock etfs, it has been 7 months since they promised to list it as an etf but so far hasn’t said anything until recently:
The ETF market is destined for significant improvement as well, as some potential ETF issuers have now attained Local Asset Status (LAS) from the Non-Bank Financial Institutions Regulatory Authority (NBFIRA). This milestone is very critical to enable potential issuers to then explore the listings application processes, assisted by their designated advisors. To this end, 11 ETFs have been granted LAS and these ETFs represent various exposures including the S&P500, MSCI World, FTSE 100, Eurostoxx 50, MSCI Japan, and MSCI Emerging Markets, among others. In March 2024, we held a webinar to expand knowledge on Actively Managed ETFs and Actively Managed Certificates, and this has been succeeded by engagements with prospective issuers considering these for Botswana.
No dates set yet just the fact that it has been approved by NBFIRA