SATRIX Global Aggregate Bond Feeder Portfolio (STXGBD) has taken a significant step towards expanding its investment offerings with the listing of an additional 300,000 securities on the Johannesburg Stock Exchange (JSE). This strategic move aims to meet the growing demand for global aggregate bond investments and cater to the evolving needs of investors in the South African market.
|Portfolio Name:||SATRIX Global Aggregate Bond Feeder Portfolio (STXGBD)|
|Listing Date:||18 July 2023|
|Issue Price:||Approximately R39.46 per security|
The Collective Investment Schemes Control Act, 45 of 2002, governs the operations of the SATRIX Collective Investment Scheme, ensuring compliance and safeguarding the interests of investors. SATRIX, known for its commitment to responsible and transparent financial practices, has garnered a strong reputation in the financial industry, making it a trusted player for investors seeking stable returns and lower risk profiles.
The decision to issue and list these additional 300,000 securities comes in response to the growing interest in global aggregate bond investments among South African investors. Global aggregate bonds are known for their diversification benefits and ability to provide consistent returns, even during periods of market uncertainty.
As part of the listing process, the 300,000 new securities were made available for trading on the JSE from the commencement of business on 18 July 2023. With an issue price of approximately R39.46 per security, investors can access these newly listed securities through their preferred brokerage or financial advisor.
The new securities listing marks a significant expansion for the SATRIXGBD portfolio, which now has a total of 8,321,168 securities in circulation. This increase further solidifies SATRIX’s position as a leading provider of collective investment solutions in South Africa.