Satrix launches new ETF, Satrix Nasdaq 100 ETF

South Africa’s first and leading ETF provider and CN&CO partner, Satrix is always looking for ways to expand its offering to enable investors ease of access into the global market.

In recent news, Satrix proudly announced the launch of its new ETF, Satrix Nasdaq 100 ETF, which consists of a range of widely known innovative companies loved and supported around the globe. Get in early on the action and not only start diversifying your portfolio, but also making some moolah!

Read the press release below to learn more…

Satrix adds to its global ETF range
Following the successful launch of three global ETFs in 2017, Satrix is adding the Satrix Nasdaq 100 ETF to its growing ETF stable. The new Satrix ETF tracks the Nasdaq-100® index, which is comprised of the 100 largest, non-financial companies listed on the Nasdaq Stock Market. This is the first local ETF tracking a Nasdaq index. The IPO for the Satrix Nasdaq 100 ETF opens on Wednesday, 14 March 2018.

More about the Nasdaq-100® index
The Nasdaq-100® index is a market cap weighted index and was launched in January 1985. The index is well known for being tech heavy but also includes industrial, technology, retail, telecommunication, biotechnology, health care, transportation, media and service companies. It is one of the most watched indexes in the world and for good reason as some of the most innovative and forward-thinking companies are listed on it. The likes of Apple, Alphabet, Microsoft, Nvidia, Facebook, Amazon, Netflix and PayPal form part of the index.

The Top 10 index constituents as at 31 December 2017

Diversifying globally
As South Africans we need to diversify our local investment portfolios by adding offshore exposure. Global index trackers are great options for offshore exposure because they are broad based, cost effective and there are choices available to suit all needs.

“The Nasdaq-100 is the benchmark for the new industrials; the global companies changing the way we work, socialise, transact, and move every single day,” said Dave Gedeon, Vice President and Head of Global Index Research and Product Development for Nasdaq Global Indexes. “From technology to medicine to industry, there is no corner of innovation that Nasdaq-100 does not reach and now investors in South Africa are able to access these innovative names in the ETF wrapper for the first time. We are very excited to work with Satrix to deliver the first Nasdaq-100 ETF in Africa.”

“I am very excited to announce the latest addition to our global ETF range, and our very first in partnering with Nasdaq. South Africans are sophisticated investors and have varying needs, especially when it comes to global investing. Satrix has met many of those needs and we think the Satrix Nasdaq 100 ETF is a fine complement to our existing range. Also, if you are fortunate enough to be able to purchase units through the IPO (which allows you to buy before the ETF is listed), you will pay no transaction costs and your investment starts at the very first price on the market,” says Satrix CEO, Helena Conradie.

The Satrix Global ETF range

Satrix replicates the indices by investing in the relevant iShares® UCITS ETF. iShares® is a
family of exchange traded funds (ETFs) marketed and managed by BlackRock.

Investing in the Satrix Nasdaq 100 ETF
The Satrix Nasdaq 100 ETF is a rand-denominated offshore fund. This means that it is priced in rand, but your capital is invested offshore, which gives you the global diversification and foreign currency exposure you’re after. Investors should note that since they are investing in rand to access a US dollar-based index, 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.

You don’t need SARS tax clearance to invest in this ETF as your investment is made in rand and will be paid out in rand on disinvestment in South Africa.

Key dates
The IPO will open on Wednesday, 14 March and run through to 28 March 2018. The anticipated JSE listing date of the Satrix Nasdaq 100 ETF is Tuesday, 10 April 2018. Satrix’s online platform has the benefit of no lump sum minimums, and once the fund is listed investors will also be able to set up debit orders. The IPO is also available on other 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.

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