By Staff Reporter
HARARE – THE Financial Securities Exchange (FINSEC) has announced the admission of Property X as a quoted security on its Mutual Funds Board, offering a groundbreaking opportunity for investors to tap into property development projects.
Property X, managed by Southpeople Capital Asset Management, provides a unique “pay-as-you-go” property acquisition option, allowing individuals and institutions to invest in property development projects with optimal deployment of their financial resources.
“Investors can buy Property X units on FINSEC, via C-Trade, an automated trading platform that enables investors, both local and foreign to purchase securities from anywhere in the world anytime, using mobile devices.
“Investors have the option to redeem units as cash or as a completed unit of property equivalent to the value of their units,” FINSEC said.
Investors can purchase Property X units on FINSEC via C-Trade, an automated trading platform accessible from anywhere in the world.
The minimum investable amount is USD10.00, with no maximum limit. Investors have the flexibility to redeem units as cash or as a completed unit of property equivalent to the value of their units.
The listing of Property X on FINSEC’s Mutual Funds Board is set to promote financial inclusion, simplify participation by retail investors, and revolutionize property investment in the region.
