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Index Committee

Nick Edwards

nick edwards

  • HSBC Commerical Bank: Head of Communications Asia PacificChina
  • Thomson Reuters: Chief Economics Correspondent, China, Reuters Group
  • Thomson Reuters: Economics Editor, Reuters TV
  • Thomson Reuters: Editor, Treasury News, EMEA - responsible for Economics, Financial Markets and Policy
  • Reuters: Investment Editor, coordinating Reuters Global Asset Management coverage
  • Reuters: Hong Kong – Chief Investment Editor, Asia, covering Asia post crisis refinancing from a buyside perspective, breaking deals about new bond deals, IPOs and debt restructuring.
  • Reuters: Singapore - Started career as Asia Insurance Correspondent

Ricardo Couto

ricardo

  • Ricardo's main focus at Nex Rubica Capital is on asset valuations and pricing of equity and debt - assisting with financial modeling, flow forecasting, credit analysis. He oversees our Financial Instruments and Product Development focus, also providing expert advice on Nex Rubica Index Fund calculations for relevant Long Only Funds (approx $300 million) domiciled in Luxemburg & Mauritius. In 2008 Ricardo was part of the Nex Rubica team that created the 1st Benchmark Africa Exchange Traded Fund  listed on the New York Stock Exchange (NYSE Arca) . He also is responsible for the Quantitative Research desk that covers structured hedging solutions and portfolio analysis.

Dumisani Ndebele

dumisani ndebele

  • Letshego Holdings: Director – Group Risk and Compliance. Responsible for the Enterprise Wide Risk Management and Secretarial affairs of the group.
  • Letshego Holdings Ltd. LHL is listed on the Botswana Stock Exchange with subsidiaries in 7countries - Botswana, Swaziland, Tanzania, Uganda, Mozambique, Namibia, & Zambia
  • Letshego Holdings: Finance Director, responsible for all local / foreign, equity / debt funding
  • De Beers Botswana: Financial Accountant responsible for diamond dealing and prospecting activities
  • Fellow Chartered Management Account - UK, Fellow Certified Public Accountant - Botswana, Member of Institute of Internal Auditors - USA, Member of Information Systems Audit & Control Association - USA, Member of Institute of Directors of South Africa for Corporate Governance

ETF NAV

TICKER | CCY | NAV | CHG
CEGX | ZAR | 95.4 | +12%
GXAFR | USD | 33.3 | -10%

In the Press & Commentary

(NR Capital) Apr 2017 - African Business Magazine: Why the smart money is heading for African infrastructure

(NR Capital) Jun 2016 - CNBC: The state of infrastructurre developement in Senegal

(NR Capital) Nov 2013 - Nex Rubica Capital presents at the Thomson Reuters 3rd Annual Tradng Africa Summit in Cape Town, South Africa

(NR Capital) Nov 2013 - Nex Rubica Capital panelist at the Inaugural of South African Competiveness Forum an Initiative by Brand South Africa

(NR Capital) Sep 2013 - Triple A Frontier Investments & South African Petroleum Industry Assosiaction Funding Workshop supported by Nex Rubica Capital (Pty) South Africa

(NR Capital) Aug 2013 - Elidata signs with Nex Rubica Capital as Product Partner for Africa Strategy

(NR Capital) Jun 2013 - Nex Rubica Capital presents at the South African Suppliers Diversity Council: 2013 Synergy Conference and Business Opportunity Fair.

(NR Capital) May 2013 -  Nex Rubica Capital joins the Africa panel at The Exporta 5th Annual Trade & Commodity Finance Conference

(NR Indexes) Mar 2012 - Nex Rubica Capital acquires NR Indexes & Ratings LLP

(NR Capital) Jun 2011 - CNBC Africa - Regional Business Roundup on African capital markets

(NR Indexes) Feb 2011: Country Brief: Egyptian Market Highlights 

(NR Capital) Jan 2011 : Deep Impact in Nigeria's Financial Markets

(NR Indexes) Jan 2010: - Electronic Trading Sweeps Africa

NR Indexes: Sep 2008 - Kenya Firms among top performers in Nex Rubica’s African Equity Capital Markets Review

Benchmark Commentary: With the Egyptian Stock Exchange (EGX) still closed, the North African constituent of the NR Africa Top 40 and NR Africa Mid 45 became more sensitive to volatility in the Sub Saharan markets. Nigeria being the major driver in the Top 40 index dropped by -1.4% over the week. Increased price volatility in the Nigerian Banking sector saw more casualties with First Bank, Zenith Bank and Guaranty Trust Bank all losing ground as investors hastily bought shares following the coming M&A activity in the sector. Kenya remained the best performing country in the Top 40 with Telcoms reporting positive numbers of about 5.5% up from last week.

The NR Africa Top 40 saw $118,56mio worth of shares traded this week with liquidity levels on the Benchmark moving up to 0.1% from a year to date high of 0.6%. The NR Africa Mid 45 was less volatile dropping -17.9712 points over the week an equivalent of $31mio. Morocco was the major country looser as it dropped by -2.1% and Industrials by -0.9%. Kenyan stocks dominated the Top 5 list with Mumias Sugar and NIC Bank breaking through this week.

Index Rebalancing Week: The NR Africa Top 40 saw El Ezz Alexandria (Egypt) exit the basket, replaced by Suez Cement (Egypt).

 

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