Own the World’s Leading Listed Property Companies

The Satrix Global Property ETF provides investors with efficient access to global listed property by tracking the FTSE EPRA/NAREIT Developed Index, which represents the largest and most liquid REITs and property companies across developed markets. As a single-ticket solution, the ETF offers geographic and sector diversification across office, retail, industrial, residential, logistics and specialised real estate, reducing reliance on any one country or property cycle.

Listed property has historically been valued for its attractive income yield, underpinned by contractual rental cash flows, while also offering a partial hedge against inflation as rents and property values tend to adjust over time. For investors seeking offshore diversification, reliable income and real asset exposure within a transparent, rules-based structure, global property remains a compelling building block in a long-term portfolio. 

Not All Global Property is the Same  

When investors hear “global property exposure”, many assume it means broad diversification across many markets and companies. In practice, different global property indices use very different methodologies, and this affects how concentrated or diversified an investor’s exposure really is. The Satrix Global Property ETF gives investors exposure to global property without betting everything on a few mega-companies. The two core features of the index that this ETF tracks are:

• It includes all eligible listed property companies and REITs in developed markets that meet screening criteria for real estate activity, liquidity and free-float requirements.
• It is reviewed quarterly to add or remove companies due to market caps and eligibility changes.

Because it’s a full-market, investable universe index, it typically includes hundreds of constituents (358 currently) rather than a narrow subset, giving much broader exposure than compact indices. Higher diversification can help mitigate the impact of a few very large companies dominating returns. Below, we compare the index to other global property indices tracked and listed on the JSE:

• The S&P Global Property 40 comprises only the 40 largest global property companies. Because it is intentionally limited to 40 names, the top holdings account for a much larger share of the index.  
• The Reitway Global Property Diversified Index selects the top 60 most liquid property stocks globally.

The table compares the different property indices:

The FTSE EPRA/NAREIT Developed Index tracks a wide universe of listed property companies and REITs across developed markets, incorporating eligibility screens and quarterly reviews to ensure meaningful diversification. Unlike more concentrated indices such as the S&P Global Property 40 (only 40 names) or liquidity-ranked subsets like Reitway’s 60-stock index, it spreads exposure across a much larger, deeper group of property stocks, helping reduce the impact of a few outsized constituents on overall performance. 

Institutional Thinking, Retail Accessibility  

This ETF gives everyday investors access to the same diversification thinking used by global pension funds. Rules-based, transparent exposure is the priority in the index tracked by this ETF. Diversification is not only about the number of stocks, but how exposure is distributed across regions, sectors and risk drivers. As an investor, you’re not just buying more property stocks; you’re spreading risk more intelligently across the global property universe.

The index is spread across property sub-sectors, with Retail and Residential exposure capturing consumer spending trends, urbanisation, and housing demand. The Data Centres and Industrials exposures benefit investors from structural growth themes such as e-commerce, cloud computing, and AI infrastructure. The Healthcare exposure adds defensive characteristics linked to ageing populations and long-term leases, while the Diversified and smaller exposures blend across asset types, reducing reliance on single segments.

A Better Building Block in a Balanced Approach  

Global property works best as part of a diversified portfolio, adding income and real-asset exposure alongside equities and bonds. Global property has historically played a valuable role in portfolios by combining income‑generating potential with capital growth linked to long‑term economic expansion. This ETF allows investors to gain offshore exposure without using their foreign allowance, while also mitigating local market concentration risk. This makes it particularly attractive for investors whose portfolios are already heavily weighted toward South African equities or property. 

Disclaimer

_{Satrix consists of the following authorised Financial Services Providers: Satrix Managers (RF) (Pty) Ltd and Satrix Investments (Pty) Ltd. The information does not constitute financial advice. While every effort has been made to ensure the reasonableness and accuracy of the information contained in this document (“the information”), the FSPs, their shareholders, subsidiaries, clients, agents, officers and employees do not make any representations or warranties regarding the accuracy or suitability of the information and shall not be held responsible and disclaim all liability for any loss, liability and damage whatsoever suffered as a result of or which may be attributable, directly or indirectly, to any use of or reliance upon the information.} 

_{Collective investment schemes are generally medium- to long-term investments. With Unit Trusts and ETFs, the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange. ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document.  A feeder fund is a portfolio that invests in a single portfolio of a collective investment scheme, which levies its own charges, and which could result in a higher fee structure for the feeder fund. International investments or investments in foreign securities could be accompanied by additional risks such as potential constraints on liquidity and repatriation of funds, macroeconomic risk, political risk, foreign exchange risk, tax risk, settlement risk as well as potential limitations on the availability of market information.}

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