New FUND on JSE

The JSE's 12th exchange traded fund will list on September 19 when Absa launches NewSA. This latest fund contains the same basket of shares as the Satrix Top 40, but differs in that the JSE's 40 biggest companies are weighted according their BEE scores besides market capitalisation. The closing date to subscribe for NewSA's initial public offering is September 14. NewSA is expected to trade for roughly the same price as Satrix Top 40. - Staff Reporter - Staff Reporter

The JSE's 12th exchange traded fund will list on September 19 when Absa launches NewSA. This latest fund contains the same basket of shares as the Satrix Top 40, but differs in that the JSE's 40 biggest companies are weighted according their BEE scores besides market capitalisation. The closing date to subscribe for NewSA's initial public offering is September 14. NewSA is expected to trade for roughly the same price as Satrix Top 40. - Staff Reporter - Staff Reporter

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