In a strategic move to provide South African investors with expanded global investment opportunities, Sygnia Itrix has announced the listing of an additional 1,000,000 securities for its highly-regarded MSCI World Exchange-Traded Fund (ETF), identified by the JSE code SYGWD. Trading for these securities will begin today, with each security priced at approximately ZAR 56.04. This latest development reinforces Sygnia Itrix’s commitment to offering diverse investment avenues within the framework of the Sygnia Itrix Collective Investment Scheme in Securities, operating under the regulatory umbrella of the Collective Investment Schemes Control Act, 45 of 2002.
SYGWD has consistently captured the attention of both individual and institutional investors due to its unique investment proposition, centered on tracking the MSCI World Index. This index spans a comprehensive array of global equities across developed economies, presenting investors with an opportunity to access a diverse spectrum of industries and sectors through a single investment vehicle.
The additional listing of 1,000,000 SYGWD securities aims to enhance accessibility and liquidity for investors while responding to the growing demand for global investment solutions. With a keen eye on the current market valuation, Sygnia Itrix has set the issue price at approximately ZAR 56.04 per security, ensuring that the new securities are introduced at a value aligned with the underlying assets within the ETF.
Table 1: Key Details
| ETF | JSE Code | ISIN | Issue Price (per security) |
|---|---|---|---|
| SYGWD | SYGWD | ZAE000249553 | ZAR 56.04 |
The inclusion of these new securities brings the total number of SYGWD securities in circulation to 247,479,992, amplifying the ETF’s liquidity and trading capacity. Investors, both experienced and those new to the market, stand to benefit from the heightened accessibility and convenience this expansion offers.
The expansion of SYGWD securities comes at a time when investors are actively seeking opportunities that transcend domestic borders. By providing exposure to global equities, Sygnia Itrix is facilitating the fulfillment of investors’ aspirations for global portfolio diversification and potential long-term growth.
The additional listing of SYGWD securities not only broadens investment choices but also aligns with Sygnia Itrix’s mission of making investing accessible to a wider audience. As the financial landscape evolves and investors seek more versatile avenues to grow their wealth, Sygnia Itrix continues to remain at the forefront of innovation, offering solutions that cater to the changing needs of the market.
With the commencement of trading for the newly listed securities, investors have a fresh opportunity to tap into the potential of the global market through the SYGWD ETF. As Sygnia Itrix propels the South African investment landscape into a more global dimension, this development marks another milestone in its journey towards empowering investors with unparalleled investment choices.
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