SATRIX COLLECTIVE INVESTMENT SCHEME revealed its latest move to expand investment opportunities with the listing of an additional 100,000 securities for the highly popular SATRIX S&P 500 Feeder Portfolio. The securities, traded under the JSE code STX500 and NSX code SXN500, are set to provide investors with increased access to the performance of the renowned S&P 500 index.
SATRIX500, a registered portfolio under the Satrix Collective Investment Scheme, operates in compliance with the Collective Investment Schemes Control Act, 45 of 2002. The scheme has gained prominence for its ability to offer investors exposure to a diversified portfolio consisting of leading companies within the S&P 500 index.
Effective immediately, the newly listed securities are available for trading, with each security priced at approximately R87.14. The additional listing significantly boosts the investment capacity of the SATRIX500 portfolio, bringing the total number of securities in circulation to 47,274,051.
Investors seeking long-term growth and diversification opportunities have long favoured SATRIX500 for its ability to mirror the performance of the S&P 500 index. This index is comprised of the largest publicly traded companies in the United States, spanning various sectors of the economy. Investing in the SATRIX500 portfolio enables investors to benefit from the overall growth potential of the U.S. economy.