Satrix seeks to improve access with the Satrix NASDAQ 100 listing on the JSE

Satrix, a notable player in the world of exchange-traded funds (ETFs), is set to enhance access to global tech investments with the listing of Satrix NASDAQ 100 on the Johannesburg Stock Exchange (JSE). Kingsley Williams, the Chief Investment Officer at Satrix, joined CNBC Africa to shed light on this significant development. The timing of this listing has raised some concerns, amidst the recent downtrend in technology stocks. However, Williams views this as an opportune moment for investors to enter the market at a relatively lower valuation compared to previous weeks, particularly with the challenges facing companies like Facebook. The ETF offers a diverse portfolio encompassing prominent tech giants such as Apple, Google, and Facebook, presenting an opportunity for investors to gain exposure to this transformative sector. Beyond the well-known names, the ETF also includes biotech companies like AMG, engaged in cutting-edge drug development, and Tesla, spearheaded by the renowned entrepreneur Elon Musk. This broader scope allows investors to tap into a wide array of innovative companies that may not receive as much media attention as the tech giants. While the long-term outlook for the NASDAQ 100 ETF appears promising, questions linger regarding short-term risks and volatility, especially concerning key players like Apple entangled in the US-China trade tensions. Williams emphasizes the importance of diversification, citing the limited exposure to tech companies on the JSE and underscoring the need for a balanced investment approach. The ETF, denominated in US dollars, exposes investors to currency fluctuations, adding another layer of complexity to the investment landscape. Despite short-term uncertainties, Williams remains optimistic about the long-term potential of the ETF, highlighting the track record of innovative disruption by the companies within the NASDAQ index. Satrix has built a reputation for providing affordable investment opportunities, and the collaboration with NASDAQ further reinforces this commitment to democratizing investments. The partnership aims to empower retail investors by offering cost-effective access to global markets, aligning with the ethos of inclusivity and accessibility in the investment sphere.