JSE Lists Two New ETFs With Focus On ESG And Property Assets
JSE Lists Two New ETFs With Focus On ESG And Property Assets. Two new property Exchange Traded Funds (ETFs) by Reitway Global have listed on the Johannesburg Stock Exchange (JSE) via Prescient Management Company’s (Prescient) newly approved co-named ETF platform.
These two new funds are the Reitway Global Property ESG Prescient ETF, which tracks the Reitway Global Property ESG Index, and the Reitway Global Property Diversified Prescient ETF, which will track the Reitway Global Property Diversified Index.
“The listing of the two Index tracking Global Property ETFs together with the existing Satrix Reitway Global Property ETF is a visible demonstration and a milestone in the implementation of our strategy where we “Acknowledge Passive while Embracing Active”. This, together with the objective to list an Actively Managed ETF in due course, will enable us to present investors an array of investment vehicles that extract different performance aspects of the Global Property universe,” says Greg Rawlins, CEO of Reitway Global.
Prescient’s ETF platform has been specifically established to assist investment management and wealth managers wanting to launch both index tracking and actively managed ETFs, giving them access to administrative services, regulatory fund structures and fund distribution. The partnership with Prescient enables Reitway Global to benefit from Prescient’s extensive experience in launching co-named CISCA unit trusts and administering ETFs, while delivering their ETF based solutions to local clients.
Adèle Hattingh, Exchange Products Manager at the JSE says that ETFs are an excellent option for passive investors looking for long-term returns. “It is encouraging to see more ETFs listing on the JSE to give individual investors a diverse range of products to include in their portfolios. We are thrilled to welcome the Reitway Global Property ESG Prescient ETF and Reitway Global Property Diversified Prescient ETF as they expose investors to sustainable investment and property assets,” concludes Hattingh.
