- CoreShares Index Tracker Managers lists 500,000 Coreshares Wealth Top 20 Capped ETF securities on JSE.
- The securities will trade under share code CTOP20 and ISIN ZAE000320792.
- The listing expands investor access to a diversified portfolio of top South African companies.
CoreShares Index Tracker Managers (RF) Proprietary Limited, a leading investment management company, announced today the listing of 500,000 Coreshares Wealth Top 20 Capped ETF securities on the Johannesburg Stock Exchange (JSE). The securities will trade under the share code CTOP20 and the ISIN ZAE000320792. This listing marks an important milestone for CoreShares and offers investors enhanced access to the performance of top South African companies.
The Coreshares Wealth Top 20 Capped ETF is part of the CoreShares Index Tracker Collective Investment Scheme, which operates in compliance with the Collective Investment Schemes Control Act, 45 of 2002. CoreShares Index Tracker Managers (RF) Proprietary Limited, commonly known as CoreShares, expertly manages the scheme, ensuring efficient and transparent investment solutions for its clients.
The issue price for the newly listed securities has been set at R9.86 per security. The listing is scheduled to take effect on Friday, 26 May 2023, bringing the total number of Coreshares Wealth Top 20 Capped ETF securities in circulation to 8,501,000.
Investors who choose the Coreshares Wealth Top 20 Capped ETF gain exposure to a well-diversified portfolio of the 20 leading capped companies listed on the JSE. This carefully constructed ETF offers investors the opportunity to participate in the success of prominent South African companies across various sectors, such as finance, resources, consumer goods, and technology.