Grindrod to launch ‘smart beta’ ETFs


JOHANNESBURG – Grindrod Bank will launch two “smart beta” exchange-traded funds (ETFs) in the local market amidst the success of similar strategies that have been employed internationally.

It hopes to attract at least R100 million to both the Grindrod S&P SA Low Volatility ETF and the S&P SA Dividend Aristocrats ETF within six months of its launch on April 14.

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