| 2000 |
Satrix started in 2000 with the launch of the Satrix 40 ETF as the first ETF to be launched in South Africa. Satrix 40 endeavours to replicate the performance of the FTSE/JSE Top 40 index. This index constitutes the forty largest companies, by market capitalisation, listed on the JSE. |
| 2002 |
Satrix FINI was launched in February 2002. The Satrix Fini endeavours to replicate the performance of the FTSE/JSE Financial 15 index. This index comprises the 15 largest financial shares listed on the JSE. The asset manager of the Satrix Fini accurately replicates the FTSE/JSE Fini 15 index, by holding the exact weighting and number of shares that constitute this index.
Satrix INDI established in February 2002 replicates the performance of the FTSE/JSE Industrial 25 index. This index comprises the top 25 industrial companies listed on the JSE. Satrix Indi accurately replicates the FTSE/JSE Indi 25 index, by holding the shares in this index in exactly the weighted and number they constitute the index |
| 2004 |
In August 2004, Satrix registered with the Financial Services Board as a Collective Investment Scheme. This means that all Satrix securities are treated like Unit Trusts in terms of taxation, compliance, investment exposures and reporting. The fact that Satrix is both a Collective Investment Scheme as well as publically listed securities means that it adheres to the regulations and legislation of both the Financial Services Board as well as the JSE. |
| 2006 |
Satrix Resi which replicates the FTSE/JSE Resources 10 index was established in April 2006. The Satrix Resi endeavours to replicate the performance of the FTSE/JSE Resources 10 index. This index consists solely of resources based stocks, including mining companies, mining holding companies, mining finance and exploration companies and resource based stocks, such as Sasol.
Satrix Swix which replicates the FTSE/JSE Shareholder weighted index was also established in 2006. The Satrix Swix Top 40 endeavours to replicate the performance of the FTSE/JSE Swix Top 40 index. This shareholder weighted Top 40 index makes use of the share register of the top forty companies to reduce the constituent weights for foreign shareholders in these stocks. In addition, the Swix Top 40 is adjusted for cross-holdings and strategic holdings. The impact is to reduce the weightings of mainly resource and dual-listed stocks in the Top 40 index by approximately half. |
| 2007 |
Satrix DIVI was established in August 2007. The Satrix Divi portfolio invests in the FTSE/JSE Dividend Plus Index. This consists of 30 companies, selected from the JSE Top 40 and Mid-Cap indices, which are expected to pay the best normal dividends over the forthcoming year.
The capital raising exercise in the Satrix Divi IPO raised R224.7 million from just over 5500 individual investors. The number of investors participating in the IPO made it one of the most widely supported listings at the time. |
| 2008 |
Satrix launched its seventh Exchange Traded Fund (ETF) on 16 October 2008. One of the unique features of this portfolio is the tracking of a fundamental index™ , the FTSE/JSE RAFI 40 Index. This index weights the underlying constituents using four fundamental factors, rather than pure market capitalisation. These four factors are dividends, cash flow, sales and book value. Secondly, Satrix RAFI 40 will track the total return version of the FTSE/JSE RAFI 40 index, measuring the total return of the underlying index by combining the capital performance plus the reinvestment of income of the constituent companies in the index. All dividends received will be immediately reinvested into the portfolio. |
| 2010 |
Satrix products have provided investors with good performance with the Satrix Divi being the top performing domestic equity unit trust fund over three years for the period 31 December 2010. The DIVI has continued to deliver good performance maintaining its position as one of the top performing domestic equity unit trust funds in 2011. |