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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Datvest launches Exchange Traded Fund<o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
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</v:shapetype><v:shape id="Picture_x0020_3" o:spid="_x0000_s1026" type="#_x0000_t75" style='position:absolute;margin-left:-14pt;margin-top:-30.65pt;width:359.4pt;height:599pt;z-index:251658240;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:9pt;mso-wrap-distance-top:0;mso-wrap-distance-right:9pt;mso-wrap-distance-bottom:0;mso-position-horizontal:absolute;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:text;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page'>
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</v:shape><![endif]--><![if !vml]><img width=479 height=799 style='width:4.993in;height:8.3194in' src="cid:image002.jpg@01D82ED0.F5520CA0" align=left hspace=12 v:shapes="Picture_x0020_3"><![endif]><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>CBZ Asset Management t/a Datvest, a division of CBZ Holdings will today list its Modified Consumer Staples (MCS) Exchange Traded Fund (ETF) on the Zimbabwe Stock Exchange (ZSE).<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>An ETF is an instrument offering a proportionate share in securities and they trade on stock exchanges. <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>ETFs are usually passive and open ended though few are actively managed. This will bring to three the ETFs on the local market after the Old Mutual ZSE Top 10 Index ETF and the Morgan & Co. Multi-Sector ETF.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>The Datvest MCS ETF is being launched with an initial capital of ZWL70.5 million comprising 10 counters and 70.5 million ETF Units.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>The Investment objective and Strategy is t</span><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>o provide investment results that, before fees and expenses, closely correspond to the performance of the ZSE Modified Consumer Staples Index.</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>The sponsoring broker and market maker is Akribos Securities. CBZ Custodial Services are the Fund Custodians while Stanbic Bank are the Trustees.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>First Transfer Secretaries are the other services providers alongside KPMG Chartered Accountants and Mawere Sibanda Legal practitioners.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>The value proposition for the Datvest MCS ETF include among other things<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><ul style='margin-top:0cm' type=disc><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>A diversified portfolio</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Companies with strong fundamentals</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Consumer staples is defensive and outperforming</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Each constituency has a unique contribution to the portfolio</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>High dividend yield</span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li><li class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%;mso-list:l0 level1 lfo1'><span lang=EN-GB style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Liquid counters </span><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=629 style='width:472.0pt;border-collapse:collapse'><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Counter</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border:solid black 1.0pt;border-left:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Datvest MCS ETF Holdings (ZWL)</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border:solid black 1.0pt;border-left:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Weight</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Delta Corporation Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>24,567,924<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>34.8%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>National Foods Holdings <o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>9,884,708<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>14.0%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Innscor Africa Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>12,242,405<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>17.4%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Hippo Valley Estates<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>5,115,330<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>7.3%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Simbisa Brands Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>7,745,139<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>11.0%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Ok Zimbabwe Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>3,568,908<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>5.1%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Meikles Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>2,860,749<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>4.1%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Tsl Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>2,150,850<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>3.0%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Afdis Distillers Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>1,393,627<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>2.0%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Dairibord Holdings Limited<o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>1,006,250<o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>1.4%<o:p></o:p></span></p></td></tr><tr style='height:21.8pt'><td width=251 valign=top style='width:188.0pt;border:solid black 1.0pt;border-top:none;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>TOTAL</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=265 valign=top style='width:199.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>70,535,890</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=113 valign=top style='width:85.0pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt 5.4pt 0cm 5.4pt;height:21.8pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>100.0%</span></b><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr></table><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Advantages of an ETF<o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><img width=601 height=491 style='width:6.2638in;height:5.1111in' id="Picture_x0020_2" src="cid:image003.jpg@01D82ED0.F5520CA0"></span><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Source: Datvest<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><b><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>ETF Market Schematics<o:p></o:p></span></b></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><img width=602 height=227 style='width:6.2708in;height:2.368in' id="Picture_x0020_1" src="cid:image004.jpg@01D82ED0.F5520CA0"></span><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>Source: Datvest<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'>The step by Datvest is a crucial development in the deepening of the financial markets as it widens the pool of available products for investors in both retail and institutional space.<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><b><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span lang=EN-US style='font-size:9.0pt;font-family:"Candara",sans-serif'>Invest Wisely!<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Cellphone: +27 71 5444 769</span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="mailto:info@bulls.co.zw"><span style='color:black;mso-fareast-language:EN-ZW'>info@bulls.co.zw</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Website: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="http://www.bullszimbabwe.com"><span style='color:black;mso-fareast-language:EN-ZW'>www.bullszimbabwe.com</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Blog: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="http://www.bullszimbabwe.com/category/blogs/"><span style='color:black;mso-fareast-language:EN-ZW'>www.bullszimbabwe.com/category/blogs/</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010</span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe</span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Facebook: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:black;mso-fareast-language:EN-ZW'>www.facebook.com/BullsBearsZimbabwe</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><span style='font-size:9.0pt;font-family:"Candara",sans-serif'><img border=0 width=246 height=120 style='width:2.5625in;height:1.25in' id="_x0000_i1029" src="cid:image005.png@01D82ED0.F5520CA0" alt="cid:image004.png@01D822FB.CE78D270"><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:150%'><span style='font-size:12.0pt;line-height:150%;font-family:"Candara",sans-serif'><o:p> </o:p></span></p></div></body></html>