CoreShares has announced that it will be listing a new ETF on the JSE. The CoreShares Total World Stock Feeder ETF (share code: GLOBAL) will track the FTSE Global All Cap Index. This index represents the full opportunity set of large, mid, and small-cap stocks across 25 developed and 24 emerging markets, comprising over 9000 constituents across 10 sectors. It is arguably the most comprehensive ‘all in’ global strategy to be listed on the JSE and represents $69.8* trillion of market capitalisation.
“We are delighted to be adding this simple, yet powerful, Core Global product to our range. Now clients can hold the full exposure of both emerging and developed within one product. We have also priced the ETF to be a cost leader within this category with an expected forward TER of only 0.29%,” says Gareth Stobie, MD of CoreShares.
The addition of emerging markets exposure provides an important addition to developed markets ‘only’ products especially given some of the high growth economies which make up that index. The ETF will feed into the US listed Vanguard Total World Stock ETF (VT) which tracks the same index
with over 25 Billion USD under management.
Stéphane DeGroote, head of ETFs & derivatives EMEA, FTSE Russell comments: “We are delighted that CoreShares has selected the FTSE Global All Cap Index for an ETF offering comprehensive exposure to global equity markets. CoreShares’ choice of index provider reflects FTSE Russell’s long-standing relationship with the investment community in South Africa including our partnership with JSE, as well as our international reach as a global index, data and analytics provider.
“Our Global Equity Index Series offers coverage of both developed and emerging markets and is underpinned by robust and transparent index governance to the benefit of end investors.”
CoreShares will be running a book build ahead of the listing. The book build closes 7th May, and the ETF will list on 17th May.
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