Satrix Inclusion and Diversity ETF
Satrix Inclusion and Diversity ETF
Satrix Inclusion and Diversity ETF – IPO open
Diverse teams tend to base their decisions on a wider set of considerations and ideas; they are usually more creative; and they are often more responsive to change.
‘Think of the most innovative companies. e.g. Google and Apple. Ever wonder why they are so innovative? One reason they, themselves, point to is their diverse employee base.’ – James McKim
Satrix has been rolling obstacles out of the way for decades, so that everyone can enjoy access to the market. We want to take it a step further, and give investors access to listed companies on the JSE that are champions of change and the inclusion of all our diverse South African people.
Enter the Satrix Inclusion and Diversity (I&D) ETF, South Africa’s first and only inclusion & diversity ETF. Developed with Refinitiv, the index ranks JSE-listed companies according to key metrics, along with specific transformation metrics unique to South Africa, to create a one-of-a-kind ETF of South Africa’s most inclusive and diverse organisations.
A conscious investment product for all. Now investors can own more than the market – they can own the change they want to see on the JSE.
What is an IPO?
An IPO is an initial public offering by a company or an ETF that is about to list on a stock exchange. The IPO for the new Satrix Inclusion and Diversity ETF is an invitation to investors to buy the new ETF before it starts trading on the JSE. The IPO will be open from Tuesday 20 July until Thursday 29 July 2021.
Why join the IPO?
Investors who participate in the IPO will pay no brokerage and trading fees on the initial investment, and no bid-offer spread applies. They will participate in the performance of the ETF from the first day it trades on the Johannesburg Stock Exchange. The anticipated JSE listing date is Wednesday, 11 August 2021.
Do you buy ETFs via another trading platform or your stockbroker?
If you already have a trading platform or stockbroker account, you can contact your broker directly about this IPO. Keep in mind that your broker’s cut-off time for this IPO might be different from Satrix’s.
|10:30||Opening||MC | Andile Khumalo – Chief executive officer at KhumaloCo|
|10:35||Empowering life changing choices||Duma Mxenge – Business development manager at Satrix|
|10:40||Defining moments on the journey towards inclusion and diversity||Wendy Luhabe – Chair of Women in Infrastructure Development and Energy
Author of Defining Moments
|11:00||What does it mean to be an inclusive and diverse organisation?||Nene Molefi – Chief executive officer at Mandate Molefi Consultants
Author of A Journey of Diversity and Inclusion in South Africa
|11:20||Inside the index: The Refinitiv Satrix South Africa Inclusion & Diversity Index||
Laura Bosch – Engagement specialist at Robeco Sustainability Center
Elena Philipova – Director of Sustainable Finance at Refinitiv, an LSEG business
Siyabulela Nomoyi – Portfolio manager at Satrix
Satrix Managers (RF) (Pty) Limited is a registered and approved Manager in terms of the Collective Investment Schemes Control Act. A schedule of fees can be obtained from the Manager. This is an equity fund. Maximum fund charges (incl. VAT): Manager initial fee (max.): 0.00%; Manager annual fee (max.): 0.46 %. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio.
ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. For more information visit satrix.co.za.
We are the leading provider of index-tracking investment products in South Africa, with over R130 billion in assets under management invested in our range of segregated mandates, exchange-traded funds (ETFs) and unit trusts. Satrix pioneered index investing in South Africa, launching our flagship Satrix 40 ETF as the first locally listed ETF in November 2000. For more about Satrix visit satrix.co.za.