Johannesburg, 21 November 2024: CoreSolutions, a dedicated management company specializing in third-party investment solutions, is proud to announce the launch of the Wealth Global Equity CoreSolutions AMETF, the first AMETF to be introduced under the newly established CoreSolutions ETF and AMETF Scheme.  CoreSolutions is a subsidiary of 10X Investments.

The Wealth Global Equity CoreSolutions securities will list in the ETF trading sector of the JSE’s Main Board under the share code PCWGE. The Wealth Global Equity CoreSolutions AMETF will be benchmarked against the MSCI World Index (ZAR) and will invest in global equity markets.

“We are excited to see this collaborative investment solution come to the market,” said Chris Rule, Head of Client Solutions at 10X Investments. “The establishment of the CoreSolutions ETF Scheme underscores our commitment to addressing clients’ specific investment needs with innovative solutions.”

“We are always glad to welcome new products like the CoreSolutions AMETF that offer investors new ways to diversify their portfolio across local and international markets. As the JSE, it is our duty to facilitate such investment while offering better cost-effectiveness and improved access to capital,” said Adèle Hattingh, Manager: Business Development and Exchange Traded Products at the JSE.

Following the introduction of a raft of amendments to its listing regulations to cut red tape and improve efficiency, the JSE has seen an increase in the number of issuers that have listed securities such AMETFs and Actively Managed certificates (AMCs). 

The listing of the Wealth Global Equity CoreSolutions AMETF increases the number of ETFs listed on the JSE to 114 with a market cap of R187 billion.

ENDS

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