- SATRIXNDA lists an additional 100,000 securities on the JSE, expanding its portfolio.
- The issue price for the newly listed securities is approximately R67.80 per security.
- With the additional securities, SATRIXNDA now has a total of 3,091,673 securities in circulation.
In a move aimed at further expanding its investment portfolio and meeting the growing demands of investors, SATRIXNDA, a portfolio within the Satrix Collective Investment Scheme, has successfully listed an additional 100,000 securities on the Johannesburg Stock Exchange (JSE). This development marks a significant milestone for the fund as it continues to gain traction in the market.
The newly listed securities became available for trading at the start of business today, signaling SATRIXNDA’s commitment to providing investors with enhanced opportunities within the Indian market. Priced at approximately R67.80 per security, the issuance of these additional securities demonstrates the fund’s dedication to diversifying its offerings and catering to the evolving needs of its clientele.
The listing of the 100,000 securities brings the total number of SATRIXNDA securities in circulation to 3,091,673. This considerable figure reflects the growing confidence and interest of investors in SATRIXNDA as a reliable investment option. With its JSE code STXNDA and ISIN ZAE000306924, the SATRIXNDA Exchange-Traded Fund (ETF) has garnered significant attention from individuals seeking exposure to the Indian market.
By expanding its portfolio through the listing of additional securities, SATRIXNDA aims to capitalize on the wealth of investment opportunities available in India’s flourishing economy. The move aligns with the fund’s strategy of providing investors with a diversified and robust investment vehicle that encompasses various sectors within the Indian market.
This recent development is expected to inject increased trading activity and liquidity into the fund, positioning SATRIXNDA as an attractive option for investors seeking exposure to Indian equities. The additional securities offer investors a convenient avenue to participate in the growth potential of the Indian market without the complexities associated with direct investments.