Johannesburg, 12 April 2021 - The Johannesburg Stock Exchange (JSE) welcomes the listing of Sygnia’s Exchange Traded Fund (ETF), Sygnia Itrix S&P Global 1200 ESG ETF, on the Main Board. This listing brings the number of ETFs on the JSE to 79 with a total market capitalisation of about R109,8 billion.
The fund promotes sustainable investment by incorporating environmental, social, and governance (ESG) concerns into investment decision-making.
The Sygnia Itrix S&P Global 1200 ESG ETF fund has a 100% strategic allocation to global equities. The risk in the fund is managed by spreading investments across countries, sectors and individual shares. However, the structure of the Fund is dictated by the composition of the S&P Global 1200 ESG Index.
“More and more investors are incorporating ESG factors into their decision-making, and that shift is accelerating because of the pandemic. At Sygnia, we also believe that responsible and sustainable investing is the way forward, so we are excited to be launching an ETF that adheres to ESG investing principles. We want our investors to do well and to do good – and with this ETF they can do both,” says David Hufton, Sygnia’s CEO.
Welcoming the listing of Sygnia Itrix S&P Global 1200 ESG ETF, JSE Director of Capital Markets Valdene Reddy says the JSE was pleased to see a socially conscious fund for investors with an interest in portfolios that reflect sustainability principles.
“This new ETF allows investors to pursue these objectives, while offering global equity exposure across developed or emerging markets,” says Reddy.
ETFs are listed investment products that track the performance of indices or a single asset such as a commodity. An ETF can be bought or sold in the same way as an ordinary share. Investors save time and money as ETFs enable them to invest in a variety of asset classes through a single listed investment product.
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