SATRIX COLLECTIVE INVESTMENT SCHEME announced today the listing of an additional 400,000 securities for its popular SATRIX RAFI 40 portfolio. The new securities, identified by the JSE code STXRAF, became available for trading as of the commencement of business today. This strategic move aims to expand investment opportunities for individuals seeking exposure to the SATRIX RAFI 40 index.
As a registered portfolio in terms of the Collective Investment Schemes Control Act, 45 of 2002, SATRIX Collective Investment Scheme has been known for providing investors with a wide range of investment options tailored to meet their diverse needs. The SATRIX RAFI 40 portfolio, in particular, has gained popularity for its focus on fundamentally weighted investments, granting investors access to a diversified basket of 40 South African equities.
The recent listing of an additional 400,000 STXRAF securities was made available at an issue price of approximately R23.19 per security. With this new listing, the total number of STXRAF securities in circulation will amount to an impressive 58,077,270. The expansion in the availability of these securities seeks to satisfy the growing demand from investors keen on exploring the potential of the SATRIX RAFI 40 portfolio.
Investors who have opted for the SATRIX RAFI 40 portfolio have been able to benefit from its strong historical performance and its ability to capture favorable opportunities within the South African equity market. With the introduction of an increased number of securities, SATRIX aims to accommodate a wider range of investors, thereby enhancing liquidity and overall market participation.
To oversee the listing process and ensure a seamless trading experience, SATRIX COLLECTIVE INVESTMENT SCHEME has partnered with Vunani Sponsors, a respected JSE Sponsor. This collaboration demonstrates the commitment of both organizations to upholding the highest standards of transparency and regulatory compliance.
The listing of additional STXRAF securities presents an exciting prospect for investors seeking exposure to the SATRIX RAFI 40 portfolio, renowned for its strong performance track record and its emphasis on fundamental weightings. As the investment landscape continues to evolve, SATRIX remains dedicated to offering innovative investment solutions that align with the evolving needs of investors.