In a significant development, Sygnia Itrix has commenced the partial delisting of securities for its Sygnia Itrix 4th Industrial Revolution Global Equity ETF (SYG4IR) on the Johannesburg Stock Exchange (JSE). The delisting, which began today, marks a strategic step by the company to fine-tune its portfolio and improve the trading environment of the ETF.
The partial delisting will involve the removal of 498,901 securities from the JSE. These securities, previously traded at an approximate price of ZAR 43.6 per unit, will no longer be available for trading on the exchange. However, current investors in SYG4IR need not be concerned as the delisting will have a minimal impact on the total number of securities in issue.
Following the partial delisting, the total number of SYG4IR securities in issue will amount to 50,852,463. This adjustment aims to streamline the ETF’s structure and boost its market competitiveness. By optimizing the available securities, Sygnia Itrix aims to enhance liquidity and trading efficiency for investors.
The decision to partially delist the SYG4IR securities is in line with Sygnia Itrix’s commitment to offering investors innovative investment solutions. The ETF focuses on tracking the performance of global companies involved in the 4th Industrial Revolution, including sectors such as artificial intelligence, automation, robotics, and advanced materials.
Operating as a registered portfolio within the Sygnia Itrix Collective Investment Scheme in Securities, the SYG4IR ETF provides investors with exposure to a diversified basket of companies driving the 4th Industrial Revolution. By investing in this ETF, individuals gain access to global growth opportunities presented by cutting-edge technologies and transformative trends.
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