The mandate of the Satrix Resi ETF ("Satrix Resi") is to track, as closely as possible, the value of the FTSE/JSE Capped Resources 10 index (J310) .
Satrix Resi is an index tracking fund, registered as a Collective Investment Scheme, and is also listed on the Johannesburg Stock Exchange as an Exchange Traded Fund.
Satrix Resi provides investors with the price performance of the FTSE/JSE Capped Resources 10 index (J310) as well as pays out, on a quarterly basis, all dividends received from companies comprising the index, net of cost.
In order to reduce costs and minimise tracking error, Satrix Resi engages in scrip lending activities with SIM and Investec....Read more
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