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The Johannesburg Stock Exchange (JSE) today announced the listing of CoreShares Total World Stock Feeder Exchange Traded Fund (ETF), giving South African investors exposure to large, mid, and small-cap stocks across 25 developed and 24 emerging markets.

 

This is the third ETF to list this year and brings the number of ETF listings on the JSE to 81 with a total ETF market capitalisation of R109.5 billion.

 

The ETF will track the FTSE Global All Cap Index, comprising over 9000 constituents across 10 sectors. CoreShares is a passive investment manager that provides investors with both ETF and unit trust offerings.

“We are delighted to be adding this simple, yet powerful, Core Global product to our range. Now clients can hold the full exposure of both emerging and developed markets within one product. We have also priced the ETF to be a cost leader within this category with an expected forward TER of only 0.29%,” said Gareth Stobie, MD of CoreShares.

 

Valdene Reddy, Director of Capital Markets at the JSE, has welcomed the listing of the CoreShares Total World Stock Feeder ETF on the JSE, pointing out that it will offer diversification benefits to South African investors.

 

“ETFs are easily traded instruments and this ETF now affords investors the opportunity to diversify their portfolios across developed and emerging markets” concluded Reddy.

 

ETFs are listed investment products that track the performance of a group or "basket" of Shares, Bonds or a single commodity. These "baskets" are known as indices. An ETF can be bought or sold in the same way as an Ordinary Share. Investors save time and money as ETFs enable an investor to invest in a variety of asset classes through a single listed investment product.