SATRIXNAM has announced the successful listing of an additional 400,000 securities, further diversifying its portfolio. The newly listed securities are now available for trading on both the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX) under the codes STXNAM and SXNNAM, respectively.
As a portfolio within the Satrix Collective Investment Scheme in Securities 2, registered in accordance with the Collective Investment Schemes Control Act of 2002, SATRIXNAM has established itself as a reliable and popular investment choice for individuals and institutions. The recent listing of these additional securities demonstrates the firm’s commitment to expanding its offerings and meeting the growing demands of investors.
The issue price for the newly listed securities has been set at approximately R19.09 per security, providing investors with an opportunity to enter the market at an affordable entry point. This competitive pricing strategy is expected to attract a diverse range of investors, both retail and institutional, looking to capitalize on the potential benefits of the SATRIXNAM portfolio.
With the inclusion of the 400,000 newly listed securities, the total number of SATRIXNAM securities in circulation now stands at an impressive 23,402,246. This increased availability of securities reflects the confidence that SATRIXNAM has in its investment strategy and its desire to provide ample opportunities for investors to participate in its growth.
SATRIXNAM’s decision to list these additional securities comes at a time when the investment landscape is witnessing heightened interest in bond ETFs. The Namibian bond market, in particular, has shown resilience and stability, attracting both local and international investors seeking fixed-income opportunities.
As a JSE-listed ETF, SATRIXNAM offers investors exposure to the performance of the S&P Namibia Sovereign Bond Index. This index tracks the performance of government bonds issued by the Republic of Namibia, providing investors with a diversified and transparent avenue to access the Namibian fixed-income market.
The listing of these additional securities is expected to bolster SATRIXNAM’s position in the market and attract increased trading volumes. The ETF’s ability to continuously adapt and expand its offering further solidifies its reputation as a leading player in the South African investment landscape.