Promoting long term investment in Africa
The African Domestic Bond Fund is the world’s first multi-jurisdictional fixed income Exchange Traded Fund (ETF) on the African continent.
The ADBF primarily invests in local currency government and quasi-government bonds of African countries. As an exchange traded bond fund, it seeks to provide investment returns that correspond closely to the total return of the AfDB/AFMISM Bloomberg® African Bond Index 25% Capped ("Index"), before fees and expenses, though its return may deviate from that of the Index since up to 20% of its net assets may be invested in securities not forming part of the index.
The outlook for Africa is very positive for long term investors and is highlighted by the rising consumer, demographic, and infrastructure development stories. ADBF seeks to provide exposure to the pan-African bond markets, via a low cost, liquid and transparent vehicle.
ADBF Daily NAV
Price as at: 09 Apr 2021