CoreShares Index Tracker Managers (RF) Proprietary Limited has revealed its latest development in the form of the listing of 3,000,000 CoreShares Income Actively Managed ETF securities on the Johannesburg Stock Exchange (JSE). The eagerly anticipated ETF will trade under the share code “INCOME” and the ISIN number ZAE000320990. This strategic move signifies a significant expansion of CoreShares’ investment offerings within the CoreShares Index Tracker Collective Investment Scheme.
CoreShares, a distinguished investment management company, is responsible for overseeing the portfolios within the CoreShares Index Tracker Collective Investment Scheme, which operates under the regulatory framework of the Collective Investment Schemes Control Act, 45 of 2002.
The listing of 3 million CoreShares Income Actively Managed ETF securities on the JSE will occur at an issue price of R10.11 per security. This exciting development is set to take effect on Monday, 26 June 2023. Following the listing, the total number of CoreShares Income Actively Managed ETF securities in circulation will amount to an impressive 56,767,714.
The addition of this ETF listing introduces a unique investment opportunity for market participants, allowing them to gain exposure to a diversified portfolio expertly managed by CoreShares. As an actively managed ETF, the CoreShares Income Actively Managed ETF provides investors with the potential for enhanced returns through the skillful selection and management of assets by CoreShares’ seasoned team of investment professionals.
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