Article by Satrix Investments

New Satrix Capped All Share ETF takes diversification to new level for investors eyeing spread of JSE large, mid and small cap shares


Shares in the Satrix Capped All Share Exchange-Traded Fund (ETF) have listed on the Johannesburg Stock Exchange (JSE). The Satrix CAPI tracks the FTSE/JSE Capped All Share Index, which gives investors broad market exposure to 140 JSE listed companies spanning large, medium and small shares.

The Satrix Capped All Share ETF is the 23rd ETF to be listed by Satrix, a provider of index-tracking investment products wholly owned by financial services group Sanlam.

Nico Katzke, Head of Portfolio Solutions at Satrix Investments, commented: “The Satrix Capped All Share ETF (STXCAP) offers investors a 0% TER exposure until June 2022 to the broad market index. STXCAP will be the first ETF on the JSE to track the full universe of large-, mid- and small-cap South African-listed companies – prioritising increased diversification and upside potential.”

“The Satrix CAPI enhances diversification metrics in the exposure it offers to various local and international shares, listed on the JSE,” says Valdene Reddy, JSE’s Director for Capital Markets.

“It is a great addition to the ETF suite, broadening the investment landscape. The number of ETFs that have come to market continue to grow impressively, attracting a number of first-time individual investors,” she adds.

The Satrix Capped All Share ETF is an exciting addition to the JSE’s ETF offering across different asset classes with diversified exposure and liquidity at a comparatively lower cost. There are 54 equity ETFs (29 local and 25 international), 12 bond ETFs (six local and six international), seven property ETFs (three local and four international), 2 Africa (ex-SA) equity ETFs, 1 money market ETF, 2 multi-asset class ETFs and eight commodity ETFs.

The Satrix Capped All Share ETF, which will trade under JSE code STXCAP, gives investors 25% exposure to medium and small capitalisation counters such as Afrimat, ADVTech, Cashbuild, Libstar, City Lodge and many others.

In terms of large market capitalisation holdings, investors in Satrix Capped All Share ETF will be exposed to BHP Group, Anglo American, Naspers, Absa, MTN and Richemont amongst others.

Satrix Capped All Share ETF will limit each individual share at no more than 10% of the total portfolio, enabling investors to hold portfolios with better diversification and stable returns.

The listing of Satrix Capped All Share ETF has brought the number of 2021 ETF listings on the JSE to nine, with a total ETF market capitalisation of over R116 billion.

“The Satrix Capped All Share ETF includes several medium and small caps, elevating the interest and activity in these segments, in addition to the more active Top40 counters,” concludes Reddy. 

For further information on this ETF please see the Satrix Capped All Share ETF Info Sheet


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