The Satrix MSCI World Feeder ETF is expected to be listed on the Nairobi Securities Exchange (NSE) with an initial price of around KES 72.8 billion (roughly R18.2 billion), according to recent reports. This equates to approximately 1,000 shares at a price of KES 72,800 per share, according to Mwango Capital Substack. The ETF is designed to provide Kenyan investors with access to global equities, tracking the MSCI World Index.
Key Details:
Listing: The Satrix MSCI World Feeder ETF is the first equity-based ETF to be listed on the NSE.
Currency: The ETF will be traded in Kenyan Shillings.
Initial Value: The initial value of the fund is estimated at KES 72.8 billion.
Index: The ETF tracks the MSCI World Index, which includes over 1,500 of the world's largest companies, reports Business Daily.
Reinvestment: Income from the ETF will be reinvested rather than distributed as dividends.
Total Expense Ratio: The total expense ratio for the ETF is 0.35% per year, according to african markets.