Satrix – The pioneers of ETFs in South Africa, have launched 3 exciting new international funds. Don’t miss this one week long opportunity to own these International ETFs without paying brokerage fees. When the team at Satrix get excited about something, then we know its for good reason! See the press release below for all the nitty gritty on why these International ETFs are so vital to your investment portfolio and visit SatrixNOW to invest in your future today. If you are an Easy Equities client, you can also invest via your portfolio.

Press Release:

Own the global market with new Satrix ETFs

Satrix, a pioneer in the index-tracking space, is launching three new global exchange traded funds (ETFs), making it possible to invest in both developed and emerging markets globally.

“Our investors can now access global equity markets on the JSE alongside their local ETF investments. We are always looking at ways in which we can expand our offering and these rand-denominated ETFs allow investors to access global markets with ease, and at a low cost” says Helena Conradie, CEO of Satrix.

Why global investing makes sense

While South Africa has world-class companies to invest in, there are many industries, economic regimes and currencies you are simply not able to access by keeping all your capital in domestic markets. To add some perspective, South Africa is one of 24 emerging market countries globally, and there are a further 23 countries classified as developed markets. By adding exposure to international companies you are diversifying your investment portfolio.

 New ETFs provide access to US, developed and emerging markets

The ETFs offer a mix of developed and emerging market exposure and are very competitively priced, with a management fee of 0.15%p.a.  The targeted Total Expense Ratio (TER), which includes this management fee, will be calculated after one year and is shown for each fund in the table below.


The Satrix MSCI World ETF will track the performance of the MSCI World Index, which represents large and mid-cap companies across 23 developed markets globally. The index covers approximately 85% of the free float-adjusted market capitalization in each country.

The Satrix MSCI Emerging Markets ETF will track the performance of the MSCI Emerging Markets Investable Market Index (IMI), which represents large, mid and small cap companies across 24 emerging market countries. The index covers approximately 99% of the free float-adjusted market capitalization in each country.

The Satrix S&P 500 ETF will track the performance of the S&P 500® Index, which is widely regarded as the best single gauge of large-cap equities in the United States. The index includes 500 of the leading companies in the US market and captures approximately 80% coverage of available market capitalization.

Satrix will replicate the indices by investing in funds of the iShares® Core Series UCITS ETFs. iShares® are a family of exchange traded funds (ETFs) marketed and managed by BlackRock.*

Accessing global markets in ZAR

Individuals will not be subject to any exchange control processes, since they are investing in global ETFs on the JSE in South African rand (ZAR). Investors should note that since they are investing in rands to access US dollar based indices, they are also exposed to exchange rate risk. This means that investment performance will be positively affected if the rand weakens against the dollar, and negatively affected if the rand strengthens.

The total return nature of the new ETFs means that the income from the underlying securities is automatically reinvested and the ETFs will therefore not make distributions.

“In keeping with our purpose of democratising investing for all, if you invest via our platform, there is no minimum investment amount and no annual platform fee” says Conradie. Satrix ETFs are also available on other transacting platforms like the Satrix Investment Plan, etfSA, EasyEquities, iTransact, and Standard Bank online…to name a few. If you already have a personal stockbroking account, simply contact your broker to invest.

 No brokerage fees when taking up the IPO

Investors have the opportunity to be the first to invest in these new ETFs in the initial public offering (IPO), which opens on Friday, 30 June. Those taking up the IPO are in a fortunate position in that they will pay no brokerage fees on their initial investment and will participate in the performance of the ETFs from the first day they trade on the Johannesburg Stock Exchange (JSE).

The anticipated date of listing on the JSE is Tuesday, 25 July 2017.

Visit to read more about the new ETFs and the IPO process.


*iShares® are a family of exchange traded funds marketed and managed by BlackRock. Each share represents a portfolio of stocks designed to reflect the returns of a specific index as closely as possible. BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients with an AUM of $5.4 trillion.

Disclosure: Although all reasonable steps have been taken to ensure the information in this article is accurate, the Satrix Managers (RF) (Pty) Ltd (“Satrix”) does not accept any responsibility for any claim, damages, loss or expense; however it arises, out of or in connection with the information. No member of Sanlam gives any representation, warranty or undertaking, nor accepts any responsibility or liability as to the accuracy of any of this information. The information to follow does not constitute financial advice as contemplated in terms of the Financial Advisory and Intermediary Services Act. Use or rely on this information at your own risk. Independent professional financial advice should always be sought before making an investment decision.  

The Sanlam Group is a full member of the Association for Savings and Investment SA. Collective investment schemes are generally medium- to long-term investments. Please note that past performances are not necessarily an accurate determination of future performances, and that the value of investments / units / unit trusts may go down as well as up. A schedule of fees and charges and maximum commissions is available from the Manager, Satrix Managers (RF) (Pty) Ltd, a registered and approved Manager in Collective Investment Schemes in Securities. Additional information of the proposed investment, including brochures, application forms and annual or quarterly reports, can be obtained from the Manager, free of charge.  Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Collective investments are calculated on a net asset value basis, which is the total market value of all assets in the portfolio including any income accruals and less any  deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of the portfolio and the investor will differ depending on the initial fees applicable, the actual investment date, and the date of reinvestment of income as well as dividend withholding tax. Forward pricing is used.  The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The performance of the portfolio depends on the underlying assets and variable market factors. Performance is based on NAV to NAV calculations with income reinvestments done on the ex-div date.  Lump sum investment performances are quoted. The portfolio may invest in other unit trust portfolios which levy their own fees, and may result is a higher fee structure for our portfolio. All the portfolio options presented are approved collective investment schemes in terms of Collective Investment Schemes Control Act, No 45 of 2002 (“CISCA”). The fund may from time to time invest in foreign instruments which could be accompanied by additional risks as well as potential limitations on the availability of market information. The Manager has the right to close any portfolios to new investors to manage them more efficiently in accordance with their mandates.  The portfolio management of all the portfolios is outsourced to financial services providers authorized in terms of the Financial Advisory and Intermediary Services Act, 2002. Standard Chartered Bank is the appointed trustee of the Satrix Managers Scheme. 

 What is the difference between exchange traded funds (ETFs) and unit trusts? Both unit trusts and ETFs allow the investor to essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund/portfolio) of the underlying investments held by the fund. With unit trusts, the investor holds participatory units issued by the fund. In the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security or share and is traded on the Johannesburg Stock Exchange. ETF shares can be traded by any stockbroker on the exchange or via the Satrix Investment Plan.

 The Satrix Collective Investment Scheme in securities (SATRIX securities), while registered as CIS, are listed on the JSE Limited, trade at JSE ruling prices via any stockbroker or trading platform, and will incur additional trading and settlement costs. The funds will hold assets in foreign countries and could be exposed to the following risks regarding potential constraints on liquidity and the repatriation of funds, macro-economic, political, foreign exchange, tax risks, settlement risks and potential limitations on the availability of market information.