Satrix, the South Africa’s largest passive investment manager, has launched a new ETF that provides investors with exposure to locally listed shares while focusing on global firms. The new Satrix JSE Global Equity ETF Index tracks the recently introduced FTSE/JSE Global Investor Index, which focuses on the JSE’s top 50 companies by market capitalization.
Kingsley Williams, chief investment officer at Satrix, says: “The new ETF has a significantly higher rand hedge profile than other broad local equity market indices, providing a potential cushion should the local currency weaken.”
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