Satrix has expanded its African footprint with the secondary listing of three of its Johannesburg Stock Exchange-listed exchange traded funds (ETFs) on the Botswana Stock Exchange (BSE), with trading commencing on July 9.

The move marks Satrix’s latest expansion beyond South Africa and gives Botswana-based investors access to global equity markets through locally traded investment vehicles.

The newly listed products are the Satrix MSCI World Equity Feeder ETF, the Satrix MSCI Emerging Markets Feeder ETF and the Satrix S&P 500 Feeder ETF. Satrix currently offers 38 JSE-listed ETFs with assets under management exceeding R90 billion.

The listings are intended to broaden investment options for local investors and strengthen links between Botswana’s capital market and international markets, according to Duma Mxenge, Head of Business and Market Development at Satrix.

“By introducing these ETFs to the BSE, we aim to contribute to the development of capital markets in Botswana,” said Mxenge. “The dual listing of these ETFs will further facilitate the globalisation of the BSE and strengthen its position within global financial markets.”

Kopano Bolokwe, Head of Product Development at the BSE, said the listings represent an important step in the exchange’s 10x by 2030 strategy and reflect growing recognition of ETFs among pension funds and asset managers. He added that the products provide investors with a convenient means of gaining exposure to international markets while supporting portfolio diversification.

“We are looking forward to seeing the value this will add to the local market, beyond the positive aspect of another bourse listing on Botswana’s Exchange. This is yet another testament to the growth of Botswana’s markets that we all celebrate,” said Catherine Lesetedi, Group Chief Executive Officer of BIHL.

“Our additional expansion into the African market represents another important milestone for us,” said Helena Conradie, Executive Director of Satrix. “We are pleased to bring this offering to Botswana and know our innovative investment solutions and accessible fees will create new avenues for local investors to diversify their portfolios.”