SATRIX COLLECTIVE INVESTMENT SCHEME has announced the listing of an additional 100,000 securities for its popular Satrix S&P 500 Feeder Portfolio, providing investors with increased investment opportunities. The newly listed securities, bearing the JSE code STX500 and NSX code SXN500, will be available for trading effective immediately.
The SATRIX500 portfolio, which is registered under the Satrix Collective Investment Scheme in accordance with the Collective Investment Schemes Control Act, 45 of 2002, aims to meet the growing demand for investment options that track the performance of the S&P 500 index.
At an issue price of approximately R85.46 per security, SATRIX500 successfully issued and listed the 100,000 additional securities. The move reflects the scheme’s commitment to broadening participation in the SATRIX500 portfolio and meeting the evolving needs of investors.
Following the listing of the new securities, the total number of SATRIX500 securities in circulation now stands at 47,674,051. This significant increase in the number of securities ensures greater accessibility for investors seeking exposure to a diverse range of leading companies listed in the S&P 500 index.
The S&P 500 index represents an attractive investment option, offering exposure to a broad selection of companies across various sectors in the United States. With the expansion of SATRIX500, investors can take advantage of the potential returns and global market opportunities provided by the S&P 500 index.