In addition to Satrix retail investors, Satrix has several institutional investors which represent a large portion of the Satrix assets under management.
Satrix can offer an institutional investor a unique opportunity to instantly establish or increase exposure to South African equity markets and sectors and track a benchmark with a single purchase.
A Satrix ETF can be purchased though:
1. The primary market or,
2. Secondary market
When an investor purchases Satrix in the primary market the transaction will be directly with Satrix Managers. This is possible by way of a creation process.If you create with Satrix in the primary market you can do this by investing in the relevant Satrix product in multiples of 1 million Satrix securities.
You can create Satrix units in the following two ways:
- A creation in specie – When you create in specie you will deliver the underlying constituents (shares) that make up 1 million Satrix units (1 million Satrix units represent one basket) in exchange for 1 million Satrix units.
- A creation in cash – If you choose to purchase Satrix units in cash.
The redemption process is the same as the creation process, but in reverse.
If you would like to invest in Satrix directly with Satrix Managers in the primary market you can contact us on (011) 784 0641 or e-mail us at firstname.lastname@example.org.
To initiate the investment process please provide Satrix Managers with:
- FICA documentation
- A clear instruction including the date you would like to trade, the Satrix fund, the quantity in multiples of 1 million units (baskets) and if you would like to create or redeem in cash or specie.
You can purchase Satrix in the secondary market through a broker or from the Satrix Market Makers (Deutsche Securities).
Should you require any information regarding the Satrix funds please contact Satrix Managers.