SATRIX500 Expands: 100K New Securities on JSE & NSX

  • SATRIX Collective Investment Scheme lists an additional 100,000 securities on JSE and NSX.
  • The newly listed securities, with JSE code STX500 and NSX code SXN500, were issued at an issue price of approximately R83.69 per security.
  • SATRIX500's strategic move aims to meet the growing demand for international market exposure and provide investors with a diversified portfolio of leading US-based companies.

In a move set to make waves in the investment community, SATRIX Collective Investment Scheme announced today the listing of an additional 100,000 securities on both the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX). The SATRIX500 portfolio, well-known for its S&P 500 Feeder Portfolio, took this step to cater to the escalating demand for its investment products and to expand its market reach.

The newly listed securities, with JSE code STX500 and NSX code SXN500, were issued at an issue price of approximately R83.69 per security. With this development, the total number of SATRIX500 securities in circulation will reach an impressive 48,074,051.

Table 1: Details of the SATRIX500 Securities Listing

ExchangeSecurity CodeNumber of Securities ListedIssue Price (Approx. R)
Johannesburg Stock Exchange (JSE)STX500100,000R83.69
Namibian Stock Exchange (NSX)SXN500100,000R83.69

SATRIX500 operates as a portfolio within the SATRIX Collective Investment Scheme, regulated by the Collective Investment Schemes Control Act, 45 of 2002. This regulatory oversight ensures the highest level of transparency and protection for investors.

The decision to list these additional securities signifies SATRIX500’s unwavering confidence in its investment strategy and the strength of the underlying S&P 500 index. By providing investors access to a diversified portfolio of leading US-based companies, SATRIX500 aims to offer a robust and attractive investment option.

This listing of 100,000 securities marks a significant step forward for SATRIX500 and showcases the company’s commitment to catering to the evolving needs of its investors. As global markets continue to evolve, SATRIX500 remains well-positioned to provide investors with a reliable and accessible pathway to international investment opportunities.

Investors can now seize the opportunity to participate in the performance of the S&P 500 index, which comprises some of the world’s most prominent and successful companies. The addition of 100,000 securities to the market bolsters liquidity and widens access to this attractive investment offering.

As with any investment decision, investors are advised to conduct thorough research and consider their risk appetite before making investment choices. SATRIX500 urges investors to stay informed and to engage with financial advisors to make well-informed decisions that align with their financial goals.

In conclusion, the successful listing of 100,000 securities marks a momentous occasion for SATRIX500, reinforcing its position as a leading player in the investment landscape. The company’s commitment to delivering excellent investment opportunities and responding to market demands further solidifies its standing as a go-to choice for investors seeking international exposure. With the global markets poised for new possibilities, SATRIX500 is set to make a lasting impact on the investment community.

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