Satrix is launching the Satrix Momentum ETF and investors are invited to participate in the IPO which opens on Wednesday 24 October 2018.
THE IPO IS NOW CLOSED ON OUR PLATFORMS - THE ETF WILL BE AVAILABLE TO INVESTORS WHEN IT LISTS ON THE JSE ON 16 NOVEMBER 2018.
The Satrix Momentum ETF expands our smart beta ETF range.
HOW TO PARTICIPATE
The IPO can be accessed via our online platform www.SatrixNOW.co.za or the Satrix Investment Plan. 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 Friday 16 November 2018.
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 : 22 OCTOBER 2018