Satrix lists ETFs on local bourse
The listing is the first phase of Satrix move to take its ETFs into the rest of Africa.
Satrix on Tuesday announced its secondary listing of its global exchange traded funds (ETFs) suite on the Namibian Stock Exchange (NSX).
The listing is the first phase of Satrix move to take its ETFs into the rest of Africa.
Satrix launched three global ETFs on the Johannesburg Stock Exchange (JSE) in July 2017: Satrix MSCI World, Satrix MSCI Emerging Markets and Satrix S&P 500. In April 2018 the Satrix NASDAQ 100 was added to the global offering.
All four these ETFs are now available to Namibian investors on their own exchange, in their own currency.
“Investors’ interest in our JSE-listed global suite has been very encouraging, with assets now just over R2 billion. We want to open up this opportunity to other African exchanges, with Namibia being a natural first choice,” said the chief executive officer of Satrix, Helena Conradie.
“The NSX has two main goals, being to deepen and to diversify the investment offerings to the Namibian public and pension funds. So these products that allow international and multi-currency hedging opportunities fit our purpose to a tee,” commented the chief executive officer of the NSX, Tiaan Bazuin.
Satrix plans a further roll out of secondary listings on other major African exchanges.
The listing is the first phase of Satrix move to take its ETFs into the rest of Africa.
Satrix launched three global ETFs on the Johannesburg Stock Exchange (JSE) in July 2017: Satrix MSCI World, Satrix MSCI Emerging Markets and Satrix S&P 500. In April 2018 the Satrix NASDAQ 100 was added to the global offering.
All four these ETFs are now available to Namibian investors on their own exchange, in their own currency.
“Investors’ interest in our JSE-listed global suite has been very encouraging, with assets now just over R2 billion. We want to open up this opportunity to other African exchanges, with Namibia being a natural first choice,” said the chief executive officer of Satrix, Helena Conradie.
“The NSX has two main goals, being to deepen and to diversify the investment offerings to the Namibian public and pension funds. So these products that allow international and multi-currency hedging opportunities fit our purpose to a tee,” commented the chief executive officer of the NSX, Tiaan Bazuin.
Satrix plans a further roll out of secondary listings on other major African exchanges.
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