Old Mutual to ring bells again in New York

Old Mutual Investment Group SA (OMIGSA’s) offshore index tracker boutique today lists its second exchange traded fund (ETF) o­n the New York Stock Exchange. Old Mutual Global Index Trackers (OMGxT) announced today the opening of trading of the GlobalShares FTSE Developed Countries ex US Fund (NYSE code: GSD).

This new Fund will again be officially announced with a bell ringing ceremony o­n the floor of the NYSE.

It is designed to offer international investors the opportunity to gain exposure to 23 developed countries, including Canada, Japan, the United Kingdom, France and Germany, without increasing exposure to US stocks.

The Fund seeks to replicate the performance of the FTSE Developed ex US Index, which is comprised of over 1 400 stocks.

“After the successful launch of our GlobalShares Emerging Markets Fund in December, we are excited to introduce this new ETF and will be rolling out an additional three within the coming weeks,” said Tendai Musikavanhu, CEO of OMGxT. “We continue to deliver top level products and diversification, while maintaining our commitment to providing low-cost investor access to emerging markets.”

About Old Mutual Global Index Trackers

Old Mutual Global Index Trackers (OMGxT) is a Johannesburg-based fund manager specialising in emerging markets, and the first African firm to list an ETF o­n the New York Stock Exchange. The firm also manages a series of South African-based index tracking funds under Dibanisa Fund Managers. The boutique is part of Old Mutual Investment Group SA’s suite of specialist investment businesses.