Listing of the Satrix Global ETF on the NSE has shifted gears within the Kenyan capital markets as it opens up a gateway for investors to the Global market.
Satrix ,a provider of index tracking investment product in South Africa has been listed in Johannesburg Stock exchange since 2017. It’s current dual listing provides access to the MSCI world index for Kenyan investors. This listing, moreover, stretches Satrix access into African markets, hence providing a diversified investment channel that tracks MSCI world index.
On the other hand, this step exposes NSE to the outside market to attract both local and regional investors seeking a diversified investment option. This ETF will be denominated in Kenyan shilling, making the incorporation coherent to local portfolios.
The launch of Satrix Global, was partly facilitated by Absa bank. This reflects growing confidence in the maturity of Kenya’s finance sector. As the Absa’ CEO put it;
“ This transaction goes beyond launching a new investment product – it reflects how Kenya’s Capital markets are increasingly prepared to engage with global financial systems, combining technical capability with a focus on investor need.”
This initiative is pivotal to building a more resilient, competitive and globally connected market. It not only marks a critical step in internalizing NSE but also in offering broader global investment opportunities through a locally familiar platform.
Also Read: What is an ETF and why you should invest in one.
