NAIROBI, Kenya, July 16 – Kenyan traders can now entry world fairness markets extra simply following the secondary itemizing of the Satrix MSCI World Feeder Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE).
The ETF, which begins buying and selling at KES 761 per unit, marks a serious step within the NSE’s efforts to deepen market diversification and appeal to world funding devices.
Originally listed on the Johannesburg Stock Exchange (JSE) in 2017, the Satrix MSCI World ETF tracks the MSCI World Index, providing publicity to large- and mid-cap corporations throughout 23 developed markets, together with the U.S., Japan, Germany, and the U.Okay.
The fund achieves this publicity by investing within the iShares Core MSCI World UCITS ETF, offering traders with a return profile that mirrors world fairness efficiency.
“This itemizing displays the rising attractiveness of our trade and aligns with our technique to develop product choices and improve market liquidity,” mentioned Frank Mwiti, Chief Executive of the NSE.
The NSE goals to checklist 50 various funds and indices as a part of its ongoing internationalization drive. The Satrix itemizing was facilitated by Absa Bank Kenya, which served because the transaction advisor.
Absa Kenya CEO Abdi Mohamed mentioned the transfer illustrates the potential of cross-border collaboration in increasing funding choices for native traders.
Duma Mxenge, Head of Business and Market Development at Satrix, mentioned the ETF will assist Kenyan traders diversify their portfolios past native belongings and entry the efficiency of developed market equities.
The itemizing is predicted to draw institutional and retail traders in search of offshore publicity with out having to maneuver capital in another country, a key benefit for portfolio diversification amid world market volatility.