JSE offers more international ETFs
STANLIB Index Investments lists global fund range on the JSE
Johannesburg, 7 March 2018: Today STANLIB Index Investments listed its S&P500 Index Feeder ETF and S&P500 Info Tech Index Feeder ETF on the Johannesburg Stock Exchange (JSE), further broadening the exchange's offering of global ETFs.
The S&P500 Index Feeder ETF tracks the index by the same name, giving South African investors exposure to the performance of the top 500 leading companies listed on the New York Stock Exchange or NASDAQ. The S&P500 Info Tech Feeder ETF tracks the S&P500 Info Tech index, which consists of companies in the information technology sector including Apple, Alphabet and Facebook.
Donna Nemer, Director of Capital Markets at the JSE says the exchange is excited to offer an even broader range of innovative global Exchanged Traded Funds (ETFs) which provide investors with access to low cost passive investment products and give exposure to a diversified range of global regions and sectors.
"The local ETF industry continues to grow and is responding to the need for products that embody expert insights and strategies at a lower cost. The JSE is proud to provide a platform for our clients to list products that allow South African investors to diversify their portfolios and gain exposure to global markets using products that are easy to access and understand," says Nemer.
Wehmeyer Ferreira, COO of STANLIB's Index Investments business, says the new funds will each track a respected international index, allowing investors to easily access broad exposure to different asset classes globally.
"These funds have been approved by the Financial Services Board (FSB), the regulator for the financial services industry, and are South African rand denominated. They can confidently be used as building blocks for an investor's portfolio to expand their investment opportunities outside of South Africa in a low cost and transparent manner," says Ferreira.
The new listing brings the number of ETFs listed on the JSE to 66. This includes 15 ETFs on the JSE in the international equities category, two in the international property and two in international bonds category.
"ETFs are not only easy to use, but also allow ordinary South Africans to start investing through an affordable monthly contribution. These products are playing an increasingly important role in addressing the need for a stronger savings culture in South Africa," says Nemer.
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