Thursday, 21 April 2022: The Sygnia Itrix New China Sectors exchange traded fund (ETF) has been approved for a secondary listing on A2X Markets.
Sygnia’s newest ETF will be available for trade on A2X from 29 April 2022. The Itrix New China Sectors ETF joins 13 other Sygnia Itrix ETFs already listed on A2X.
Sygnia is the largest international equity ETF provider in South Africa and offers investors the widest range of ETFs that track international equity markets.
The objective of the Sygnia Itrix New China Sectors ETF is to provide an investment vehicle that gives easy access to investors who want to achieve long-term capital appreciation by tracking the performance of the S&P New China Sectors Index (.SPNCSUT) (the benchmark). The benchmark measures the performance of China- and Hong Kongdomiciled companies in consumption- and service-oriented industries.
Sygnia CEO David Hufton states that, “Despite declining growth rates, there are plenty of more nuanced opportunities within China that warrant investor attention. By isolating specific sectors, Sygnia investors can now access a much more targeted approach to China’s evolving growth.”
Hufton added, “Our listing on A2X provides our investors with a wider choice of venues on which to transact, and the opportunity to capture the benefits their platform offers in the form of lower exchange fees, narrower spreads and added liquidity.”
Kevin Brady, A2X CEO, says, “The New China Sectors ETF is an exciting addition to the suite of ETFs listed on A2X, with the latest being the fourteenth Sygnia Itrix ETF to list. We continue to provide Sygnia ETF investors with the opportunity to enjoy the savings and other benefits that a secondary listing on A2X brings across a number of product ranges.”
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 17 ETFs and 2 ETNs on its market.
The listing of this ETF brings the number of instruments available for trade on A2X to 63, with a combined market capitalisation of over R4 trillion.
A2X is a licensed stock exchange that provides companies with a secondary listing venue. 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, and seven approved brokers account for over 60% of total market activity.
Sygnia is an innovative financial services group based in South Africa and listed on the main board of the JSE and A2X Markets. The company provides asset management, stockbroking and administration services and a wide range of savings products supported by cutting-edge technology platforms to institutional and retail clients.
Sygnia is the largest international equity ETF provider in South Africa (and the second largest overall). It offers investors the widest range of ETFs to track international equity markets and manages over R26.7 billion in ETF investments.
A2X Markets (A2X) is a South African stock exchange that plays an integral part in the progression of the South African marketplace. An experienced team, advanced technology and an agile environment enable A2X to provide an efficient and cost-effective trading venue to secondary list and trade shares, exchange traded funds (ETFs) and exchange traded notes (ETNs).
A2X appointed Strate as its central securities depository and operates within the proven and reliable South African settlement structure. It uses technology developed by the UK’s Aquis Technologies that includes proven exchange matching and surveillance systems and a clearing platform custom-built for A2X. The end-to-end costs of transacting on A2X are about
half the costs of the other South African trading venue on which the same shares can be traded.
Photos of David Hufton, CEO of Sygnia, and Kevin Brady, CEO of A2X Markets, are available here:
For further information, photos or interviews for A2X, please contact Despina Harito of Turquoise PR & Marketing Communications, C: 084 453 1755, E: email@example.com.
Exchange traded products available on A2X:
Absa NewGold ETF
Absa NewGold Palladium ETF
Absa NewGold Platinum ETF
Investec Swix Top 40 Tri ETN
Investec Top 40 Tri ETN
Sygnia Itrix 4th Industrial Revolution Global Equity ETF
Sygnia Itrix S&P 500 ETF
Sygnia Itrix DJ Euro Stoxx 50 ETF
Sygnia Itrix MSCI Japan Index ETF
Sygnia Itrix Global Property ETF
Sygnia Itrix SWIX 40 ETF
Sygnia Itrix Top 40 ETF
Sygnia Itrix FTSE 100 ETF
Sygnia Itrix MSCI USA Index ETF
Sygnia Itrix MSCI World Index ETF
Sygnia Itrix S&P Global 1200 ESG ETF
Sygnia Itrix MSCI Emerging Markets 50 ETF
Sygnia Itrix Solactive Healthcare 150 ETF
Sygnia Itrix New China Sectors ETF*
*Available from 29 April 2022