JSE welcomes Satrix Equity ETF to offer investors global exposure

Daba Finance/Johannesburg Stock Exchange welcomes Satrix JSE Global Equity ETF

AFRICAN STOCKS AND FINANCEMarch 17, 2024 at 12:35 PM UTC

TLDR

Satrix JSE Global Equity ETF (STXJGE) introduced by Johannesburg Stock Exchange (JSE) for local equities with global exposure
Tracks FTSE/JSE Global Investor Index to highlight companies earning significantly from offshore investments
Competitive Total Expense Ratio (TER) at 0.15%, targeting investors interested in aggressive growth

The Johannesburg Stock Exchange (JSE) has introduced the Satrix JSE Global Equity Exchange Traded Fund (ETF) (STXJGE), offering investors an avenue to access local equities with significant global exposure.

The ETF tracks the FTSE/JSE Global Investor Index, which emphasizes companies generating a substantial portion of their earnings from offshore investments. This characteristic positions the ETF as a strategic Rand hedge compared to local broad market indices.

With a targeted annual Total Expense Ratio (TER) of just 0.15%, the Satrix JSE Global Equity ETF caters to investors seeking aggressive growth. Its benchmark, the FTSE/JSE Global Investor Index, comprises 50 of the largest locally listed companies.

Key Takeaways

For retail investors, especially those based outside Africa, who want to invest in Sub-Saharan Africa's economies, it's often a smarter choice to invest through a mutual fund or exchange-traded fund (ETF), whether actively or passively managed. These funds track a diverse group of companies operating in the region, instead of relying on individual stocks or ventures. Investing in ETFs and mutual funds has several advantages, such as being easy to trade, offering diversification, and being professionally managed. Please note that this is not investment advice and you are advised to do your due diligence before investing in any asset class.

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