Browsing: Sustainable ETF

The listing of SYGSE happens at a time the JSE is preparing to usher in new amendments to its listings requirements, paving the way for issuers to list and trade Actively Managed ETFs (AMETFs) for the first time in the bourse’s history.

In September, the bourse announced that the Financial Sector Conduct Authority (FSCA) approved amendments to the JSE listings requirements, allowing issuers to list and trade AMETFs for the first time. “The changes [allow] locally registered Collective Investment Scheme (CIS) management companies to list ETFs which related to offshore assets on South African securities exchanges. It [allows] these funds unlimited investment in offshore assets, subject to the restrictions on their offshore portfolio allowances.”

The stock exchange indicated that given the global ETF market’s evolution and the local industry’s desire, the impending introduction of AMETFs in South Africa aligns with global best practices.