CoreShares Index Tracker Managers (RF) Proprietary Limited has announced its plans to list 1,000,000 CoreShares Total World Stock Feeder ETF securities on the Johannesburg Stock Exchange (JSE). This move aims to provide investors with an opportunity to diversify their portfolios and gain exposure to a wide range of global stocks.
The CoreShares Total World Stock Feeder ETF is part of the CoreShares Index Tracker Collective Investment Scheme, which is registered under the Collective Investment Schemes Control Act, 45 of 2002. The scheme is skillfully managed by CoreShares Index Tracker Managers (RF) Proprietary Limited, known for its expertise in the industry.
Starting from Monday, June 26, 2023, investors will be able to trade these newly listed securities on the JSE at an issue price of R12.65 per security. This listing will bring the total number of CoreShares Total World Stock Feeder ETF securities in circulation to an impressive 69,725,751.
The CoreShares Total World Stock Feeder ETF is designed to track the performance of a specified global index, enabling investors to participate in the growth and fluctuations of international stock markets. By investing in this ETF, individuals and institutions can gain exposure to a broad range of global stocks, thus enhancing their portfolio diversification.
Investors interested in acquiring these newly listed securities can make their purchases through the JSE, where the securities will be available at the issue price of R12.65 per security. As with any investment, it is crucial for investors to thoroughly assess the associated risks and potential returns and seek advice from their financial advisors before making any investment decisions.
The addition of the 1,000,000 CoreShares Total World Stock Feeder ETF securities to the JSE expands the options available to investors, providing them with greater flexibility in constructing their investment portfolios. The ETF structure offers advantages such as liquidity, diversification, and transparency, making it an appealing choice for investors seeking to maximize their returns.
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