Prescient Management Company (RF) (Pty) Ltd announced the listing of an additional 300,000 REITWAY Global Property ESG Prescient ETF securities on the Johannesburg Stock Exchange (JSE). This move aims to meet the growing demand for socially responsible investment options and provide investors with exposure to the global property market while considering environmental, social, and governance (ESG) factors.
The REITWAY Global Property ESG Prescient ETF, operating as a portfolio under the Prescient Collective Investment Scheme in ETF Securities, has gained popularity among investors seeking investments aligned with sustainable and ethical practices. By integrating ESG factors into the investment decision-making process, this ETF enables investors to support positive environmental and social impact, along with financial returns.
With the listing of an additional 300,000 REITWAY Global Property ESG Prescient ETF securities, the total number of securities in circulation will reach 900,000 as of Wednesday, 21 June 2023. These securities will be issued at an issue price of R 9.82 per security. The listing process will be overseen by Prescient Structured Product Advisory (Pty) Ltd, a leading advisory firm appointed as the listing advisor for this transaction.
Prescient Management Company aims to enhance market liquidity and accessibility by expanding the availability of these securities. This listing presents an opportunity for both institutional and retail investors to gain exposure to a diversified portfolio of ESG-focused property assets across various regions, furthering the promotion of responsible investment practices.