This ETF, currently in its initial public offering stage, makes an excellent choice for the core of a portfolio, particularly if you’re looking to hedge against the Rand due to its offshore underlying funds.
I had the chance to speak with Nico Katzke from Satrix about the composition of the ETF. Here’s the breakdown:
– 45% is allocated to the MSCI World.
– 10% goes into Emerging Markets.
– 10% is dedicated to Listed Infrastructure.
– 5% is for Global Listed Property.
– The rest is invested in Bonds and short-duration corporate credit.
The IPO is now open and you have until 12:00 PM on Monday, November 25, 2024, to get involved. The ETF is expected to be listed on December 4, 2024. Since the listing price is unknown at this point (due to the variable value of the ETF at listing), you would subscribe with a specific Rand amount and receive a full allocation.
Here are the crucial details for your reference:
– JSE Code: STXGLB
– TER: 0.35%
– Tax-Free: Yes
– Distributions: Quarterly
Simon
ETF Blog
At Just One Lap, we’re passionate about the power of passive investing using ETFs. In our weekly blog series, we delve into ETFs on the local market and explore the key considerations for selecting the right one for you. If you’re curious about the differences between various ETFs, this blog is a great resource. We break down which index each ETF follows, the types of portfolios they complement, and how these choices impact your finances.
