The Satrix MSCI World Feeder ETF has been listed on the Johannesburg Stock Exchange (JSE) since 2017, and it will dual list on the NSE, denominated in Kenyan shillings (KES).
A strong track record of firsts, rapid growth and innovation has seen Satrix establish itself as a prominent player in the indexation market. It currently offers 38 JSE-listed ETFs, encompassing South African and global equities across various asset classes, with a total value exceeding R77 billion (Ksh 561 billion).
This dual listing unlocks access to the MSCI World Index for Kenyan investors, enabling them to diversify beyond local assets, providing positive diversification benefits for their investment portfolios.
Commenting on the development, Mr. Frank Mwiti, Chief Executive, NSE noted “The NSE, aligning with its strategic vision to deepen market depth, enhance liquidity, and expand investment choices for local investors, sees this listing by Satrix as a key step in internationalising the Exchange. The Satrix MSCI World ETF is poised to be a valuable addition to the NSE's existing ETF offering, fostering the deepening of capital markets and expanding investment opportunities for local investors.”
Duma Mxenge, Head of Business and Market Development at Satrix says, “We anticipate that this expansion of the Satrix offering into Kenya will significantly contribute to the development of capital markets in the country, providing local investors with a more diversified array of investment options. Furthermore, we are pleased that the dual-listed ETF is expected to play a pivotal role in globalising the NSE and increasing its exposure to international markets.”
Fikile Mbhokota, Chief Executive Officer of Satrix says, “Further expansion into Africa continues to bring our strategic plan to fruition. We are excited about our product expansion into Kenya and look forward to working closely with the market participants as we continue to develop our pan-African product listings to drive the democratisation of investments. We believe this offering will give Kenyan institutional investors a cost-effective way to help diversify their portfolios by gaining exposure to world equity markets.”
Disclaimer:
Satrix Managers (RF) (Pty) Ltd (Satrix) is a registered and approved Manager in Collective Investment Schemes in Securities. 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.
For more information, visit https://satrix.co.za/products
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