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JSE welcomes first ETF centered on healthcare industry

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The JSE has welcomed the Sygnia Itrix Solactive Healthcare 150 Exchange Traded Fund on its Main Board, which will help expose investors to the healthcare industry across markets.

The Johannesburg Stock Exchange (JSE) issued a statement on Friday, 6 August 2021, in which it welcomed the Sygnia Itrix Solactive Healthcare 150 Exchange Traded Fund (ETF) to its Main Board. The JSE announced that the ETF had commenced trading on the JSE, and would provide South African investors with exposure to the healthcare industry across the developed market.

The JSE described the ETF as unique because it was the first to have a sole focus on healthcare and list on the local bourse. The stock exchange explained the Sygnia Itrix Solactive Healthcare 150 ETF, which has R125 million in funds under management, as a passively managed index-tracking fund listed on the ETF Sector of the JSE. It further stated that it also tracked the performance of the Solactive Developed Markets Healthcare 150 Index that comprises the largest 150 healthcare companies in the developed markets.

The JSE noted that Sygnia’s Head of Investing Consulting mentioned that the ETF would bring a two-fold benefit to investors in healthcare, potentially earning high returns and contributing to the socio-economic development of societies around the globe. JSE’s Adele Hattingh also noted that this investment would open up opportunities for investors.

See the post below.


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