SATRIX COLLECTIVE INVESTMENT SCHEME made a significant announcement today regarding its highly regarded Satrix S&P 500 Feeder Portfolio. The company has successfully listed an additional 100,000 securities on both the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX). The newly listed securities will be available for trading under the JSE code STX500 and the NSX code SXN500, with the ISIN code ZAE000246641.
As a well-established portfolio operating within the regulatory framework of the Collective Investment Schemes Control Act, 45 of 2002, SATRIX500 has achieved a noteworthy milestone by issuing and listing these additional securities on the JSE and NSX.
Effective from the commencement of business today, June 30, 2023, the newly listed securities were priced at approximately R83.86 per security. This development brings the total number of SATRIX500 securities in circulation to an impressive 47,174,051.
The decision to issue and list these additional securities stems from SATRIX500’s strategic vision of expanding investment opportunities and catering to the rising demand from investors seeking exposure to the renowned S&P 500 index. By increasing the availability of securities, SATRIX500 aims to enhance liquidity and provide greater accessibility for potential investors.
SATRIX500’s decision to list on both the JSE and NSX showcases its commitment to serving a diverse range of investors across different markets. The company’s strong presence in South Africa and Namibia, coupled with its collaboration with reputable sponsors, solidifies its reputation as a reliable and trusted investment option.