The Datvest Modified Consumer Staples Exchange Traded Fund (ETF) posted strong growth for the year ended 31 December 2025 underpinned by fair value gains on its equity portfolio and firm performance across Zimbabwe’s consumer sector.
According to the fund manager’s report for period under review, the ETF recorded an inflation-adjusted net asset value (NAV) of ZWG9.4 million, up from ZWG7.26 million prior year.
On a historical cost basis, NAV rose to ZWG9.4 million from ZWG6.31 million, a 45 percent increase in the fair value of its equity investments.
The growth was largely driven by exposure to listed consumer-focused counters on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX), both of which delivered solid returns during the period.
The ZSE All Share Index gained 28 percent, while the VFEX All Share Index surged 70 percent, highlighting improved investor appetite and trading activity.
The fund provides investors with diversified exposure to leading companies including Delta, Innscor, Simbisa Brands and Meikles, among others.
This positioning allowed the fund to benefit from resilient demand in the fast-moving consumer goods (FMCG) segment, which continued to register volume and revenue growth despite constrained liquidity conditions.
Total comprehensive income for the year reached ZWG2.14 million, a marked turnaround from a ZWG1.09 million loss incurred in 2024.
Earnings per unit also improved, signalling enhanced returns for investors.
Zimbabwe’s capital markets remained robust during the year, with turnover reaching approximately US$311 million.
Datvest noted that the consumer staples sector continues to demonstrate defensive characteristics, supported by steady demand and strong underlying business models. – TML