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Tag: ETF

  • AfDB gets fund manager for ETF in Africa, approves $25m for ADBF

    AfDB gets fund manager for ETF in Africa, approves $25m for ADBF

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    by

    Ediri Oyibo
    in

    The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as fund manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. Stefan Nalletamby, the AfDB’s Director for Financial Sector Development, commented: “In developing markets, it is particularly important for the lead institutions to act…