Johannesburg, 26 August 2024 – Managed in partnership with Prescient Fund Management Services, the ETFSA Balanced Foundation Prescient AMETF, trading under the code ETFSAB, is designed for investors who seek a balanced approach to wealth accumulation.

“By blending stable income-generating assets with growth-oriented investments, both locally and abroad, our AMETF aims to achieve sustainable long-term returns, whilst mitigating downside risks,” said Mike Brown, Managing Director of ETFSA. “The fund will mirror the existing Wealth Default strategy run by ETFSA within its Retirement Annuity (RA) Fund, a fixed asset allocation strategy with scope for some flexibility, if required.”

The low-cost, high-equity fund allocates capital across major asset classes, offering investors exposure to both local and global equities, bonds, listed properties, and cash – with an expected Total Expense Ratio (TER) of approximately 0.52%, which is lower than the typical balanced unit trust.

“The fund introduces a novel approach by combining the benefits of active management with the diversification of a balanced fund, all within an exchange-traded fund framework,” said Adèle Hattingh, Manager: Business Development and Exchange Traded Products at the JSE. “It enhances the diversity of our market offerings, providing investors with more choices in how they can engage with financial markets through the JSE.”

Today’s listing brings the number of ETFs listed on the JSE to 107 with a market capitalisation R178 billion. The JSE consistently proves its crucial influence on South Africa’s financial environment and remains dedicated to providing a strong platform for innovative investment opportunities.

ENDS

ABOUT THE JSE

The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.

The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 137 years. As a leading global exchange, the JSE co-creates, unlocks value and makes real connections happen. www.jse.co.za 

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