Currently in IPO this ETF and offers a great ETF for the core of a portfolio. The underlying funds are all offshore so it will also offer a Rand hedge nature.
I chatted with Nico Katzke from Satrix and he explained the funds inside the ETF as;
- 45% MSCI world
- 10% EMs
- 10% Listed infrastructure
- 5% Global listed property
- Bonds and short duration corporate credit
The IPO is currently open and closes at 12:00 on Monday, 25 November 2024 with the listing set for 04 December 2024.
As we don’t know the listing price (because we don’t know what the ETF value will be at listing) you would subscribe for a Rand amount and will get full allocation.
The details are as below;
- JSE code: STXGLB
- TER: 0.35%
- Tax-free: Yes
- Quarterly distributions
Simon
ETF blog
At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.
