DSE-listed ETFs and collective funds — squarely in the Ghost's universe, not yet in its book, and honest about why.
The mandate keeps a 0 to 15 percent band for funds and ETFs — diversified or thematic exposure for when a single-name view isn't the point. Today the Ghost holds none of it, and saying so is part of the teaching. On a small exchange, a basket can be the disciplined choice or it can be a way to pay a fee for a view you could hold more cheaply by owning the names. The Ghost's job is to know which.
So this terrain sits in the universe, ready. The Ghost would rotate in when breadth beats conviction — when it wants the market rather than a name, or a theme it can't express cleanly through a single listing. Until that case is clearer than holding the shares directly, the weight stays at zero, and the reasoning stays in public. Conviction cuts both ways: what the Ghost avoids, and why, is published too.
Vertex's DSE-listed fund — the cleanest way to own the local market in one line, when breadth is what you want.
EAC large-cap exposure beyond Tanzania's borders — diversification the single-name book can't reach on its own.
iTrust and UTT AMIS schemes — professionally run baskets the Ghost reads as a yardstick, and a route it can take when it chooses breadth.
A moment when the Ghost wants the market, not a name — or a theme it can't hold cleanly through one listing. Then a basket earns the weight, explained in the weekly editorial.
Thin liquidity and a fee for exposure the book can already build from single names. While direct conviction is cheaper and clearer, the Ghost holds the shares, not the wrapper.
The Ghost reads this off the platform’s live market page — the same data, updated as it’s captured. Educational and informational only.
Each move shows how this intelligence turns into a decision. Get the next chapter as it's written.