Satrix has launched an ETF that provides higher exposure to foreign companies that are dual-listed (shares that are listed on more than one stock exchange). Satrix JSE Global Equity ETF (JSE code: STXJGE) listed on the JSE on the 12thMarch 2024. The SatrixJSE Global Equity ETF tracks the FTSE/JSE Global Investor Index (J501) and is suitable for investors who would like to supplement their local portfolio exposures, with a higher exposure to Rand-hedge companies.
Summary
- Allows investors to capture supplementary offshore exposure from locally listed shares in one ETF
- Low TER of 0.15% (excl. VAT)
- Targets the 50 largest JSE-listed companies, including dual-listed companies (listed on two or more exchanges)• Uses global free-float metrics, offering higher exposure to dual-listed companies, and thereby increased Rand-hedging
- Complementary: Can be used as a satellite fund in conjunction with a core portfolio
