The Satrix Smart City Infrastructure Feeder (known as Satrix Smart City) exchange traded fund (ETF) seeks to track the performance of the STOXX Global Smart City Infrastructure Index, which offers exposure to developed and emerging market companies that benefit from the urbanisation megatrend, focusing on providing services for development and efficient running of cities in a sustainable manor.
This global ETF will list on the Johannesburg Stock Exchange (JSE) and investors will access it in South African Rand. Satrix will replicate the index by investing in the iShares Smart City Infrastructure UCITS ETF.