Satrix GOVI ETF Securities Partially Delisted from JSE

In a surprising move, the Satrix Collective Investment Scheme has announced the partial delisting of 200,000 SATRIX GOVI ETF securities from the Johannesburg Stock Exchange (JSE). The delisting, which took effect today, will reduce the total number of securities in circulation to 27,014,108.

The SATRIX GOVI ETF, identified by its JSE code STXGVI and ISIN code ZAE000318283, is a highly regarded portfolio within the Satrix Collective Investment Scheme in Securities 2. As a registered scheme under the Collective Investment Schemes Control Act, 45 of 2002, Satrixgvi offers investors exposure to a diversified basket of government bonds.

This partial delisting follows the redemption of 2 SATRIXGVI baskets. Although the specific reasons for the redemption were not disclosed in the announcement, such events are typically triggered by factors such as investor decisions, fund restructuring, or strategic considerations.

SATRIX GOVI ETF has gained popularity among investors seeking exposure to the South African government bond market. It provides a convenient and cost-effective avenue for investing in a diversified portfolio of fixed-income securities issued by the government.

While the delisting of securities may raise concerns among investors, it is important to note that such events are a routine occurrence in the investment landscape as portfolios and investment strategies evolve over time. The partial delisting is expected to have minimal impact on the liquidity and overall trading dynamics of the SATRIXGVI securities.