Sandton, The Satrix 40 Portfolio, a key component of the Satrix Collective Investment Scheme regulated under the Collective Investment Schemes Control Act, 45 of 2002, has announced the partial delisting of its securities from the Johannesburg Stock Exchange (JSE). Starting from the commencement of business today, 300,000 Satrix 40 securities have been removed from the JSE listings. This adjustment follows the delisting process, leaving a total of 191,491,991 Satrix 40 securities in circulation.
The Satrix 40 Portfolio is renowned for offering investors diversified exposure to the top 40 companies listed on the JSE, encapsulating a broad spectrum of South Africa’s economic sectors. This partial delisting reflects the ongoing adjustments and management of the portfolio to align with its strategic objectives and market conditions.
Vunani Sponsors, acting as the JSE sponsor for the Satrix 40, has overseen the delisting process, ensuring compliance with JSE regulations and providing guidance throughout the procedure. This action is part of the regular management and rebalancing activities that collective investment schemes undertake to maintain their portfolio’s alignment with their investment strategy and objectives.
Investors and stakeholders in the Satrix 40 Portfolio are advised to note the changes in the number of securities in issue, as these adjustments can impact the portfolio’s structure and potentially its market performance. The Satrix 40 continues to be a pivotal option for investors seeking diversified exposure to South Africa’s leading companies through a single investment vehicle.