Ninety One launches actively managed ETFs to expand investor access to active investment solutions
Ninety One today announced its intention to list two actively managed exchange-traded funds (AMETFs) on the Johannesburg Stock Exchange (JSE), expanding its ability to serve a broader investor base with differentiated, multi-asset income solutions.
The listing, scheduled for 12 November 2025, marks a significant milestone for Ninety One’s South African business and reinforces its leadership in active management and investment innovation.
Exchange-traded funds (ETFs) have become an important part of the global finance ecosystem. Assets invested in ETFs globally have grown significantly (and are projected to grow to $25 trillion by 2030.1 While ETFs have been historically limited to passive strategies, recent regulatory changes have paved the way for AMETFs.
The two ETFs, the Ninety One Diversified Income Prescient Feeder Actively Managed ETF (91DINC) and the Ninety One Global Diversified Income Prescient Feeder Actively Managed ETF (91GINC), mirror their established unit trust counterparts and are designed to deliver reliable income with a capital preservation bias. Together, they offer investors new tools to diversify portfolios, generate yield and manage downside risk in volatile markets.
“This is an important step in our efforts to serve a wider range of investors with relevant, accessible investment solutions,” said Siobhan Simpson, Head of SA Unit Trusts at Ninety One. “By bringing our trusted active fixed income capabilities into an ETF structure, we’re meeting the evolving needs of investors and advisors, particularly those who prefer listed instruments and value intraday liquidity.”
The new AMETFs provide flexible, low-minimum access to the same underlying portfolios managed by Ninety One’s global fixed income and credit team, one of the largest and most experienced in the market, with over 70 investment professionals managing more than R380 billion in assets. The innovation also bridges the gap between traditional unit trust structures and stockbroker-aligned portfolios, offering discretionary wealth clients and financial advisors the ease of trading and operational efficiency that listed instruments provide.
Unlike traditional passive ETFs, which have dominated the sector and simply replicate indices, Ninety One’s AMETFs will be actively managed, multi-asset income portfolios that dynamically adjust to changing market conditions and uncover opportunities through research-driven decision-making. Each strategy blends asset classes such as bonds, credit, cash, property and offshore holdings to deliver income, diversification and resilience within a single listed instrument.
About the ETFs
91DINC – Ninety One Diversified Income Prescient Feeder Actively Managed Exchange Traded Fund (ZAR-based)
91DINC gives investors access to Ninety One’s well-established multi-asset income strategy in a listed format, targeting stable, enhanced cash returns with downside risk management. The portfolio is Regulation 28 compliant and diversified across local bonds, credit, cash, property and offshore assets, with a strong focus on income generation and capital preservation.
91GINC – Ninety One Global Diversified Income Prescient Feeder Actively Managed Exchange Traded Fund (ZAR feeder into USD fund)
91GINC offers offshore diversification through a global, low-duration, multi-asset income strategy aiming to deliver US dollar cash +1.5% over rolling 12-month periods, with no negative returns, also over rolling 12 months. With a focus on high-quality fixed income assets and built-in currency diversification, the Fund seeks to deliver consistent yield while limiting drawdowns.
1Ernst and Young 2025 ETF Trends: Shaping market growth and innovation
