29 Satrix exchange-traded funds (ETFs) have been approved for a secondary listing on A2X. The ETFs will retain their primary listings on the JSE but will be available for trade on A2X from 4 July 2023.
Kevin Brady, Sean Melnick, and Ashley Mendelowitz founded A2X in 2014 to compete against the Johannesburg Stock Exchange (JSE).
It debuted on 6 October 2017 with three listings – African Rainbow Capital, Peregrine Holdings, and Coronation Fund Managers with a combined market cap of R14 billion.
Since its humble beginnings, it has emerged as a notable contender in the financial market, presenting a viable alternative to the JSE.
A2X has grown to 128 instruments, including 27 top 40 constituents, with a combined market capitalisation of over R9.2 trillion.
The Satrix ETF listings will significantly grow the number of instruments available on A2X. These ETF listings will bring the number of securities available for trade on A2X to 166.
A2X was authorised to secondary list ETFs and ETNs in 2019 and will now have 63 ETFs on its market.
Satrix manages R170 billion in index-tracking assets across institutional and retail mandates.
“By listing our ETFs on A2X, Satrix ETF investors will now be able to take advantage of additional liquidity and lower exchange fees offered on A2X when transacting,” Satrix CEO Fikile Mbhokota said.
The following Satrix ETFs will soon be available on A2X from next month.
|Satrix 40 ETF||Satrix Swix Top 40 ETF||Satrix MSCI Emerging Markets ESG ETF|
|Satrix Divi Plus ETF||Satrix Capped Indi ETF||Satrix MSCI World ESG ETF|
|Satrix MSCI World ETF||Satrix Momentum ETF||Satrix SA Local Bond ETF|
|Satrix Fini ETF||Satrix Resi ETF||Satrix Capped All Share Exchange ETF|
|Satrix Quality SA ETF||Satrix Inflation Linked Bond ETF||Satrix Healthcare Innovation Feeder ETF|
|Satrix Rafi ETF||Satrix Global Aggregate Bond ETF||Satrix Smart City Inf ETF|
|Satrix Nasdaq 100 ETF||Satrix Global Infrastructure ETF||Satrix GOVI ETF|
|Satrix MSCI Emerging Markets ETF||Satrix Inclusion & Diversity ETF||Satrix Shari’ah Top 40 ETF|
|Satrix S&P 500 ETF||Satrix MSCI China ETF||Satrix TRACI 3 Month ETF|
|Satrix SA Property ETF||Satrix MSCI India ETF|