iBoxx LSF USD African Sovereigns index
L&G LSF African Government Bond ETF (USD) UCITS
iBoxx LSF USD African Sovereigns index (IBXXLSFT <INDEX>)
The iBoxx LSF USD African Sovereigns index tracks the performance of the universe of African Sovereign Eurobonds that the LSF accepts as eligible collateral in the framework of repo transactions, its objective is to bring additional transparency and liquidity to the market in order to increase the pool of private capital willing to invest in Africa to support its sustainable development.
Index performance
Performance of the iBoxx LSF USD African Sovereign Index vs Broad Markets
The Index is Investable and Replicable and can be licensed for the creation of ETFs and other Index-Based Products.
BBG: IBXXLSFT <INDEX> ISIN: GBOOBSF2HT47
Criteria
Find the full index information on S&P Dow Jones Indices website
Index Guide
Index factsheet
With the support of
L&G LSF African Government Bond ETF (USD) UCITS
The First African Government Bond (USD) ETF available in Europe
The L&G LSF African Government Bond ETF (USD) UCITS seeks to track the iBoxx LSF USD African Sovereigns Index, which provides exposure to USD-denominated fixed-rate and zero-coupon bonds issued by selected African countries that the LSF accepts as collateral in the framework of secondary market operations. The ETF is listed in the UK, Italy, Germany, and Switzerland.
What is an ETF ?
An Exchange-Traded Fund (ETF) is an investment product that trades on a stock exchange, much like an individual share. Rather than buying a single company’s stock, an ETF allows investors to gain exposure to a broad basket of assets—such as bonds, stocks, or commodities—through a single transaction. Most ETFs are designed to track the performance of a specific index, meaning their value rises and falls in line with the underlying assets they represent.
ETFs offer several practical advantages. They provide instant diversification, since one ETF share can represent exposure to dozens or even hundreds of underlying securities. They are also typically easy to buy and sell throughout the trading day, offer good price transparency, and tend to have lower costs than many traditional investment funds.
ETFs appeal to a wide range of investors—from large institutions seeking efficient ways to access specific markets, to individual investors looking for a simple, cost-effective way to diversify their portfolios.
Key highlights
- Seeks to track the iBoxx LSF USD African Sovereigns Index
- Access to a segment of EM debt often underrepresented in global indices
- Broad exposure across African economies combined with country caps and eligibility rules
- Listed in the UK, Italy, Germany, and Switzerland
In the words of the LSF Board members
“We are delighted to see the launch of the first ETF based on the iBoxx LSF USD African Sovereigns index,” said Dr Vera Songwe, Founder & Chair of the LSF. “It illustrates the increasing appetite of investors for African securities. We look forward to seeing the ETF grow, and at scale, contribute to reducing the cost of capital for African sovereigns.”
“When we first supported the establishment of the LSF, our ambition went beyond building new market infrastructure to implementation.” said Prof. Benedict Okey Oramah, Former President and Chairman of the Board of Directors of Afreximbank. “We envisioned a foundation for deeper, more resilient African capital markets. The launch of this ETF is a tangible milestone in that journey—it demonstrates that African sovereign debt can attract the same caliber of investable, standardized products found in mature markets. This is what capital markets development looks like in practice.”
About The Liquidity and Sustainability Facility
The LSF aims to support the liquidity of African Sovereign and corporate issuances, lower the cost of finance and increase liquidity of African Capital Markets.
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