Sygnia’s Itrix S&P Global 1200 ESG exchange traded fund (ETF) has been approved for a secondary listing on A2X Markets.
Sygnia’s newest ETF joins ten other Itrix ETFs which listed on A2X on 14 April 2021. The Sygnia Itrix S&P Global 1200 ESG ETF will retain its primary listing on the JSE and will also be available for trade on A2X from 28 April 2021.
Sygnia is the largest international equity ETF provider in South Africa, offering investors the widest range of ETFs that track international equity markets and managing over R26.7 billion in ETF investments. This new ETF gives investors exposure to overseas companies that promote sustainable investment.
Sygnia CEO David Hufton said, “Responsible and sustainable investing has never been more compelling which is why more and more investors are incorporating environmental, social and governance (ESG) factors into their decision-making. By listing our Itrix ETFs on A2X, we are able to provide our investors with ETF options to suit their investment principles and strategies while also saving them money through a choice of a low-cost trading venue.”
Kevin Brady, CEO of A2X Markets, added, “The team at A2X are committed to finding ways to increase value for the companies listed on our board and their shareholders. We are therefore pleased to help Sygnia ETF investors cut costs through narrower spreads, added liquidity and lower transaction fees while at the same time, investing in a socially responsible way.”
The Sygnia Itrix S&P Global 1200 ESG ETF brings the number of instruments available for trade on A2X to 51, with a combined market capitalisation of more than R5.2 trillion. A2X was authorised by its dual regulators, the FSCA and the Prudential Authority, to secondary list exchange traded products in 2019 and will now offer 14 ETFs and 2 ETNs on its market.
A2X is a licensed stock exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. A2X began trading in October 2017, with nine approved brokers accounting for about 50% of market activity.
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