SATRIX NEWS

NEW! SATRIX GLOBAL INFRASTRUCTURE - IPO OPENS 23 AUGUST

Article by Satrix Investments

Satrix is launching the Satrix Global Infrastructure ETF, which tracks the FTSE Global Core Infrastructure Index offering investors exposure to worldwide listed companies involved in the FTSE Russell-defined “core” infrastructure activities which involve the development, ownership, operation, management and/or maintenance of structures or networks. These are used for the processing or moving of goods, services, information/data, people, energy or necessities from one location to another. 

Investors are invited to participate in the IPO which opens on Monday 23rd August 2021.

Click here for more on the new ETF


HOW TO PARTICIPATE

The IPO can be accessed via our online platform www.SatrixNOW.co.za. Investors can also contact their brokers directly, but must ensure they are aware of the specific broker's cut-off time.

Subscribers to the IPO do not pay brokerage or trading costs, and all investors will be allocated securities at the same issued price on listing date. Funds received during the IPO will be held in cash during the ramp-up period and no interest will be earned during the IPO ramp-up period. 

The anticipated date for listing on the JSE is 9 September 2021.


SatrixNOW clients can simply login and select New ETF listings from the drop-down menu. Remember to ensure sufficient "Available Funds" for your IPO application.

Not yet a client? Click here to register your SatrixNOW account.


POSTED : 23 AUGUST 2021

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