[South Africa] Sygnia Itrix 4th Industrial Revolution Global Equity ETF lists on the Johannesburg Stock Exchange
The Sygnia Itrix 4th Industrial Revolution Global Equity ETF has listed on the main board of the JSE making it the fifteenth exchange traded fund (ETF) to list on the JSE this year.
The Sygnia Itrix 4th Industrial Revolution Global Equity ETF offers investors exposure to global companies at the forefront of the 4th Industrial Revolution through tracking the Kensho New Economies Composite Index. 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.
Donna Nemer, Director: Capital Markets at the JSE, says the JSE is proud to offer retail and institutional investors a broadening range of ETFs which offers them access to diverse investment opportunities. "The fourth industrial revolution has been characterised by innovation which not only continues to disrupt existing business models, but is fundamentally changing the way we live, work and interact with one another. This era of rapid change is creating new opportunities for those companies ready to embrace it and the JSE is excited to be able to assist South African investors in gaining exposure to this trend."
Ben Meyer Head of Sygnia Itrix said, "The 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.
The new funds extend our suite of products across varied indices. We are especially 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 South African market."