CoreShares Index Tracker Managers (RF) Proprietary Limited has made a significant announcement today regarding the listing of 1 million CoreShares Yield Selected Bond ETF securities on the Johannesburg Stock Exchange (JSE). The ETF, bearing the share code CSYSB and ISIN ZAE000318614, will be listed at an issue price of R10.44 per security, further bolstering the company’s offerings in the financial market.
The CoreShares Yield Selected Bond ETF is part of the CoreShares Index Tracker Collective Investment Scheme, which is registered under the Collective Investment Schemes Control Act, 45 of 2002. CoreShares Index Tracker Managers (RF) Proprietary Limited, commonly known as CoreShares, will manage the ETF, ensuring that investors receive the highest level of expertise and security.
A comprehensive breakdown of the listing is presented in the table below:
|Security||Quantity||Issue Price (R)|
|CoreShares Yield Selected Bond ETF||1,000,000||10.44|
Following the listing, the total number of CoreShares Yield Selected Bond ETF securities in circulation will rise to 28,689,316, effective from Friday, August 4, 2023.
The decision to list 1 million CoreShares Yield Selected Bond ETF securities comes as no surprise, given the ever-increasing demand for fixed-income investments in the current market landscape. The ETF aims to provide investors with exposure to a diversified portfolio of high-quality bonds, offering a balanced blend of risk and potential returns.
In light of this development, Grindrod Bank Limited has been appointed as the corporate advisor and sponsor. Grindrod Bank Limited’s extensive experience and expertise in the financial industry are expected to facilitate a smooth and successful listing process.
The listing of 1 million CoreShares Yield Selected Bond ETF securities marks a strategic move by CoreShares to strengthen their position in the financial market and cater to the growing needs of investors. The company’s commitment to innovation and delivering diversified investment solutions is anticipated to further solidify its presence in the industry.
Market analysts are closely watching the listing, expecting it to create ripples in the financial market and potentially influence investment strategies. Both institutional and retail investors are advised to carefully assess the suitability of the ETF based on their investment objectives, risk tolerance, and investment horizon before participating in the listing.
As with any financial product, investments carry inherent risks, and investors are encouraged to seek professional financial advice to make informed decisions.
In conclusion, CoreShares’ announcement of the listing of 1 million CoreShares Yield Selected Bond ETF securities reflects the company’s dedication to providing investors with a broad range of investment options. The financial market eagerly awaits the listing’s impact and the subsequent trading activity once the securities hit the JSE. With Grindrod Bank Limited’s support as a corporate advisor and sponsor, CoreShares is well-positioned to navigate the listing process successfully and capitalize on the growing demand for fixed-income investments.