The S&P Namibia Bond ETF replicate the total return version of the S&P Namibia Sovereign Bond 1+ year Top 10 Index in local currency of the Republic of Namibia. The index comprises of 10 bonds issued by the Namibian government and is a subset of the full Namibia Sovereign Bond Index.
On a monthly basis all coupons received are reinvested into the fund so as to increase the net asset value of the portfolio and consequently increase the value of each unit.
The Namibia Bond ETF is suitable for investor seeking low-cost convenient alternatives to traditional non-listed products. The Namibia Bond ETF can act as a building block for investors to use when constructing their own portfolios.