CoreShares Index Tracker Managers (RF) Proprietary Limited has announced the upcoming listing of 2 million securities for the CoreShares Total World Stock Feeder ETF on the Johannesburg Stock Exchange (JSE). The listing will take effect on Tuesday, June 27, 2023, and comes at an issue price of R12.69 per security. With this new addition, the total number of CoreShares Total World Stock Feeder ETF securities in circulation will reach 71,725,751.
The CoreShares Total World Stock Feeder ETF is part of the CoreShares Index Tracker Collective Investment Scheme, which is registered in accordance with the Collective Investment Schemes Control Act, 45 of 2002. Managed by CoreShares Index Tracker Managers (RF) Proprietary Limited, this ETF offers investors a diversified global portfolio.
By investing in the CoreShares Total World Stock Feeder ETF, investors gain exposure to a wide range of global equities and have the opportunity to participate in the growth of international markets. The ETF provides a convenient way to track the performance of various global markets, reducing the risks associated with individual stock investments.
The issue price of R12.69 per security reflects CoreShares’ valuation of the ETF. Investors who acquire these securities will hold an interest in a well-balanced investment vehicle that captures the performance of global stock markets.
The CoreShares Total World Stock Feeder ETF enables investors to access a diversified basket of securities from different countries and sectors. This diversification offers the potential for long-term capital growth while minimizing the risk associated with investing in a single stock or sector.