Reclassification of inward-listed ETFs – what it means for you

The market is alight with speculation over a statement which quietly crept into Finance Minister Tito Mboweni’s recent medium-term budget policy statement around the reclassification of inward-listed financial products. National Treasury has made a decision to reclassify all inward-listed debt and derivative instruments as well as exchange-traded funds (ETFs) referencing foreign assets as domestic, where […]

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