Satrix’s exchange-traded funds (ETFs) are being made available in the rest of Africa, with the Namibian Stock Exchange being the first to welcome the secondary listing of the Satrix global ETF suite.
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,” said Satrix CEO Helena Conradie. “We want to open up this opportunity to other African exchanges, with Namibia being a natural first choice.”
“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,” says Tiaan Bazuin, CEO of the Namibian Stock Exchange.
Satrix plans a further roll-out of secondary listings on other major African exchanges.