Johannesburg, 27 May 2024: The Johannesburg Stock Exchange (JSE) today announced the listing of three FNB Global Exchange Traded Funds (ETFs), offering investors an opportunity to tap into portfolios referencing both developed and emerging markets. The diverse offerings, each with a distinct focus, include the FNB MSCI Emerging Markets Feeder ETF, the FNB MSCI World Feeder ETF and the FNB S&P 500 Feeder ETF, which provide investors with exposure to cost efficient, investments to various global equity market indices.

The FNB MSCI Emerging Markets Feeder ETF is designed to track the performance of the MSCI Emerging Markets Investable Market Index by investing in the iShares Core MSCI EM IMI UCITS ETF as the underlying fund. The MSCI Emerging Markets Investable Market Index measures the financial performance of large, mid and small cap companies in emerging economies around the world.

The FNB MSCI World Feeder ETF is designed to track the performance of the MSCI World Index by investing in the iShares Core MSCI World UCITS ETF as the underlying fund. It is suitable for investors looking for exposure to large and mid-cap companies in developed countries.

For the FNB MSCI Emerging Markets Feeder ETF and the FNB MSCI World Feeder ETF, the Income received in the underlying funds is reinvested in the index and therefore not distributed to investors. Investors in these ETFs have the same flexibility as trading regular stocks. They can freely buy and sell shares of the ETFs on the open market, without any prescribed fixed investment period or holding requirements.

The FNB S&P 500 Feeder ETF provides investors with exposure to 500 of the largest companies in the United States, based on their market capitalisation, by investing in the iShares Core S&P 500 UCITS ETF as the underlying fund. The fund pays quarterly distributions to investors with no set investment period.

“FNB is excited about the listing of our three new ETFs which will form part of our core global equity ETF offering to investors. These ETFs are easily accessible and cost-efficient. Investing in FNB ETFs offers investors diversified exposures to financial markets, which can be included in their own investment portfolios,” said Bheki Mkhize, CEO of FNB Wealth and Investment Management.

“The JSE welcomes these ETFs into the market, each offering a unique investment strategy to cater to the diverse preferences of investors. ETFs remain an excellent instrument for investors looking for long-term returns and these listings represent a pivotal expansion in our offerings of sophisticated, yet accessible investment tools,” Adèle Hattingh, Business Development & Exchange Products Manager at the JSE.

Today’s listings increase the number of ETFs listed on the JSE to 99 with a market cap exceeding R163.9 billion.