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Itrix matches Satrix's R300 a month deal

By unknown | Jun 01, 2007 | COMMENTS [ 0 ]

Lihle Mtshali

Lihle Mtshali

Exchange traded funds (ETFs) have revolutionised investing for the man in the street by making it affordable to own a portfolio of all the blue chips in a stock exchange through one share.

The JSE has made its Satrix range of exchange traded funds accessible to small investors by letting them steadily build up a collection at R300 a month with very low brokerage fees.

Itrix, a joint venture by the JSE and the Deutsche Bank, which currently offers two exchange traded funds with underlying shares listed on European stock exchanges, is about to launch its R300 a month investment deal.

With the underlying JSE shares at stratospheric highs, Itrix is probably a safer bet for anyone getting into shares right now.

Ian Leisegang of Itrix's relationship management division said there was an all-inclusive charge of between 0,2percent and 1percent a year.

The current choice is limited to Itrix EU, which has underlying shares in the Dow Jones Eurostoxx 50 index, and Itrix UK, which contains the shares in the Financial Times and London Stock Exchange (FTSE) 100. But Itrix plans to expand the range later this year.


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