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The Johannesburg Stock Exchange (JSE) announced today that the NewFunds Reitway Global Property Exchange Traded Fund (ETF) has listed on the JSE Main Board. The NewFunds Reitway Global Property ETF, which is being launched with Absa, will give local investors exposure to listed property stocks in the Americas, Asia Pacific, Europe, and the Middle East.

 

The NewFunds Reitway Global Property ETF is the fourth international property ETF to list on the JSE and will track the Reitway Global Property Index, which has been created by Global Property Research.

 

Greg Rawlins, Reitway Global CEO says “The NewFunds Reitway Global Property ETF is a conduit for South African investors to a broader universe of Property Equities thus improving diversification. Furthermore, the ETF tracks an innovative Index that is constructed to adhere to a set of rules with enhanced performance as a primary objective.”

“Property is a key component of any asset allocation strategy and we are excited to launch a fund that provides global exposure to the sector. Global property and infrastructure remain attractive asset classes for South African investors who seek consistent yield with a high-quality asset under-pin,” says Chris Edwards, Head of Index Solutions, Absa Corporate and Investment Banking. “This new listing will expand the investment universe for South African investors looking to access global property and infrastructure investments. Investors should be excited about the opportunity to track an index with a global property focus.”

 

“ETFs are an excellent option for passive investors looking for long-term returns. The addition of the NewFunds Reitway Global Property ETF on our Main Board offers local investors an opportunity to further diversify their portfolios,” says Adèle Hattingh, Business Development and Exchange Traded Products Manager at the JSE.

 

The NewFunds Reitway Global Property ETF brings the number of listed ETFs on the JSE to 82 with a market capitalisation of R109.98 billion.

 

The fund, which trades under the JSE Code NEWPRP, is managed by Absa Alternative Asset Management and is a rand-denominated exchange-traded fund investing in listed property securities.