22 June 2018SALTA
The inaugural South African Listed Tracker Funds Awards (SALTA) were held at the Johannesburg Stock Exchange on 13 June and Satrix was proud to receive three awards on the night.
SATRIX won awards in the following categories:
• The People’s Choice for most popular ETF amongst the investment public – Satrix 40 ETF
• Best Total Return Performance, 1 year – Satrix FINI ETF
• Beat Trading Efficiency, 3 years- Satrix RESI 10 ETF
SATRIX 40 is the favourite
Being the first recipient of The People’s Choice award is a huge honour for Satrix. The public voted via online poll and overall Satrix ETFs received more than 80% of the votes. The Satrix 40 ETF received one-third of all votes cast, which officially makes it the most popular ETF among South African investors. In October last year Satrix made their flagship product even more attractive by capping the total expense ratio of the Satrix 40 ETF to just 0.10%.
Satrix as a business is no stranger to “firsts”. In 2000 they launched the first ETF in South Africa, the Satrix Top 40. This effectively introduced the South African investing public to ETFs. In response to investor’s needs, the Satrix Investment Plan was launched in 2006 as the first platform enabling investors to access ETFs for as little as R300 per month. And in 2015 we saw the introduction of SatrixNOW.co.za, an online platform giving access to investors at no minimum investment amount.
Nerina Visser, ETF strategist and director at etfSA comments “The brand recognition and loyalty to Satrix, and in particular the Satrix 40 ETF, is remarkable. It remains the largest domestic equity ETF by a considerable margin and is also the ETF with the broadest investor base. It is therefore no surprise that it was recognised by popular vote as the “People’s Choice”, supported with numerous stories of the impact it has had in changing ordinary people’s lives for the better.”
SATRIX 40 ETF quick facts
Says Satrix CEO, Helena Conradie “Our ethos and focus at Satrix is to enable financial inclusion. For far too long the large majority of South African’s were denied access and we believe that in order to grow and create wealth and build a better South Africa, everyone needs to be included in the financial system – and what better place to start than to “OWN THE MARKET”.
Thompson Reuters, Profile Data and etfSA.co.za, three independent service providers to the South African Exchange Traded Funds industry, partnered to launch SALTA and recognise leaders in the ETF industry in various categories.