WHAT ARE BIPS ETFs

Rand Merchant Bank (RMB) is well established as the investment banking arm of FirstRand, one of South Africa’s largest JSE-listed financial services groups. RMB has pioneered many financial instruments in the local and African markets and is reputed for combining innovation and entrepreneurship in support of its business philosophy and brand promise:

Traditional values. Innovative ideas.

Consistent with Rand Merchant Bank’s (RMB) reputation for insightful product innovation, the Bank has developed a suite of Exchange Traded Funds – ETFs, branded as Bips, short for Beta Investment Performance Securities.

Bips offer investors a range of ETFs that track various indices. The combination of securities on these indices gives the Bips ETF investor a broad investment base.