Mandate Overview15 Nov 2022
The Satrix MSCI World ESG Enhanced Feeder ETF is an index tracking fund registered as a Collective Investment Scheme and is listed on the Johannesburg Stock Exchange as an Exchange Traded Fund.
The mandate of the Satrix MSCI World ESG Enhanced Feeder Portfolio (‘Satrix MSCI World ESG Enhanced Feeder ETF') is to track, as closely as possible, the value of the MSCI World ESG Enhanced Focus CTB Index in ZAR.
The MSCI World ESG Enhanced Focus CTB Index measures the performance of developed market companies that screens out controversial business areas and gives greater weighting to companies with higher environmental, social and governance (ESG) scores. To replicate the index performance the Satrix MSCI World ESG Enhanced Feeder ETF invests in the iShares MSCI World ESG Enhanced UCITS ETF (the underlying fund).