Nairobi, Aug. 11 -- Investors will have an opportunity to own a portion of banking sector shares traded at the Nairobi Securities Exchange through a single investment vehicle after the Capital Markets Authority gave nod to an Index Exchange Traded Fund (ETF) to be listed on the bourse.

The Wall Street Africa (WSA) Banking Index ETF will package listed bank stocks in one investment unit set to be listed in October after it is approved by the Nairobi Securities Exchange (NSE).

Family Bank, which was listed in May this year, is the only lender that will not be included in the ETF as it is yet to trade for six months.

The banks, whose prices range from Sh339 for Standard Chartered to Sh13.05 for HFCB, will be weighed in the ETF based on th...