• CoreShares Index Tracker Managers lists 500,000 Coreshares Wealth Next 40 Equal Weighted ETF securities on the JSE.
• The newly listed securities will bring the total number of Coreshares Wealth Next 40 Equal Weighted ETF securities in circulation to 6,501,000.
• Investors can purchase the ETF securities at an issue price of R9.57 per security, offering enhanced diversification opportunities within the Coreshares Wealth Next 40 Equal Weighted ETF.

In a significant development for the investment community, CoreShares Index Tracker Managers (RF) Proprietary Limited has announced the listing of 500,000 Coreshares Wealth Next 40 Equal Weighted ETF securities on the Johannesburg Stock Exchange (JSE). The newly listed securities will be available for trading from Thursday, May 25, 2023, and will bring the total number of Coreshares Wealth Next 40 Equal Weighted ETF securities in circulation to 6,501,000.

The Coreshares Wealth Next 40 Equal Weighted ETF, identified by the share code CSNT40 and the ISIN ZAE000320784, is a part of the CoreShares Index Tracker Collective Investment Scheme. Managed by CoreShares Index Tracker Managers (RF) Proprietary Limited, this scheme is registered under the Collective Investment Schemes Control Act, 45 of 2002.

Investors will have the opportunity to purchase the newly listed ETF securities at an issue price of R9.57 per security. This move is aimed at expanding CoreShares’ offerings and providing investors with enhanced opportunities for diversification within the Coreshares Wealth Next 40 Equal Weighted ETF.

The Coreshares Wealth Next 40 Equal Weighted ETF is designed to track the performance of the Wealth Next 40 Index, comprising the 40 largest companies listed on the JSE, excluding the top 40 listed companies. The ETF follows an equal-weighted approach, ensuring that each constituent company has an equal impact on the fund’s overall performance. This strategy offers investors a balanced exposure to these selected companies.