Friday Drinks: Reviewing the First Mutual Wealth (FMW) gold ETF (Special Edition)

Ranga and Rufaro sit down with Simba Mangwendeza from First Mutual Wealth to unpack the First Mutual Wealth Gold ETF — an innovative investment product now listed on the VFEX. We explore: the ETF is linked to gold, what it offers investors, and why VFEX was chosen over the ZSE for listing. FMW Gold ETF units can also be sold on the Johannesburg Stock Exchange (JSE), with proceeds remitted in hard currency — adding cross-border liquidity and investor flexibility. This is a key moment for Zimbabwe’s capital markets as new financial instruments continue to emerge.