In a significant development, the Satrix Collective Investment Scheme 2, known as Satrixtra, has made an announcement regarding the partial delisting of its securities from the Johannesburg Stock Exchange (JSE). Effective immediately, 400,000 SATRIXTRA securities have been delisted from the JSE following the redemption of two SATRIXTRA baskets. This move leaves a remaining total of 6,272,718 SATRIXTRA securities available for trading on the exchange.

SATRIXTRA, operating as a registered portfolio under the Collective Investment Schemes Control Act of 2002, offers investors exposure to the performance of the Traci 3 Month Index through its Exchange-Traded Fund (ETF).

The redemption of two SATRIXTRA baskets has triggered the partial delisting, resulting in the removal of 400,000 securities from the JSE. This decision by SATRIXTRA will have implications for the availability and trading activity of these securities on the exchange.

While the specific reasons behind the redemption and subsequent delisting have not been disclosed, it is important to note that such actions are not uncommon in the investment industry. They are typically carried out to adjust portfolio holdings or accommodate changes in investor demand. Investors who currently hold SATRIXTRA securities are advised to consult with their financial advisors for guidance regarding the impact of this partial delisting on their investment portfolios.

The SATRIXTRA ETF is designed to track the performance of the Traci 3 Month Index, which serves as a measure of the average return on three-month fixed deposit rates offered by major South African banks. This ETF provides investors with an opportunity to gain exposure to short-term interest rates in the country.

Following the partial delisting, the total number of SATRIXTRA securities in circulation now stands at 6,272,718. The market will closely observe the effects of this adjustment on the overall performance and trading dynamics of SATRIXTRA in the coming weeks.