The Sygnia Itrix 4th Industrial Revolution Global Equity ETF, the first Exchange Traded Fund (ETF) of its kind in South Africa, was listed on the Johannesburg Stock Exchange (JSE) today. It offers local investors the opportunity to gain exposure to global companies at the forefront of the 4th Industrial Revolution, with the added benefit of investing via an Exchange Traded Fund.
Traditional global equity funds focus on old-world manufacturing and services-oriented companies. The Sygnia Itrix 4th Industrial Revolution Global Equity ETF diversifies away from this by tracking the Kensho New Economies Composite Index ℠, an index compiled and owned by Kensho Technologies Inc, a US ‘big data’ analytics company. This index blends exposure to 16 different Kensho market indices, each representing a different ‘new economy’ industry. Each index focuses on a different sector, including drones, robotics, space, wearables, cybersecurity, 3D printing, autonomous vehicles, nanotechnology, smart buildings, virtual reality, cleantech, genetic engineering and clean energy.
Sygnia has been successfully managing the Sygnia 4th Industrial Revolution Global Equity Fund for over a year in the unit trust space. This fund differs to the newly launched ETF in that for the unit trust Sygnia is responsible for blending the 16 Kensho market indices, whereas the ETF tracks the Kensho New Economies Composite Index ℠, so returns are expected to differ between the two funds.
Recently Sygnia also listed four additional new Exchange Traded Funds (ETFs) on the Johannesburg Stock Exchange (JSE). The Sygnia Group has managed assets on an index-tracking basis since 2003 and offers these to retail and institutional clients through segregated accounts, unit trusts, unitised life funds and ETFs.
“The newly enhanced Sygnia Itrix Range provides access to local and international investments through a South African-regulated structure, giving choice in an easy and cost-effective way. Sygnia makes it simple and immediate,” says Ben Meyer, Head of Sygnia Itrix.
“The new funds extend our suite of products across varied indices. We are very excited to be listing the Sygnia Itrix 4th Industrial Revolution Global Equity ETF because this is an excellent growth area and is unique in the market.
“We have enlisted the services of Jane Street, one of the largest ETF market makers in the world. They will be providing prices on the JSE and their bid-offer spread will enhance liquidity and in turn lower the costs for investors.”
The new SYGNIA ITRIX Exchange Traded Funds are as follows:
- SYGNIA ITRIX 4TH INDUSTRIAL REVOLUTION GLOBAL EQUITY ETF: invest in the biggest technology companies in the world.
- SYGNIA ITRIX TOP 40 ETF: get exposure to South Africa’s best-known index.
- SYGNIA ITRIX SWIX 40 ETF: track the movement of the FTSE/JSE SWIX 40 index.
- SYGNIA ITRIX GLOBAL PROPERTY ETF: diversify your portfolio with exposure to 40 leading global property companies.
- SYGNIA ITRIX S&P 500 ETF: access the single best gauge of leading US-based companies.