Satrix MSCI World Feeder ETF

The Satrix MSCI World Feeder ETF is an exchange-traded fund (ETF) that seeks to track the performance of the MSCI World Index, providing investors with broad exposure to large and mid-cap companies across 23 developed markets. This feeder ETF replicates the index by investing in the iShares Core MSCI World UCITS ETF (or Amundi MSCI World UCITS ETF), offering diversification benefits including exposure to sectors like information technology (25%), financials (17%), health care (10%), and industrials (11%). Listed on the Nairobi Securities Exchange (NSE) under ticker symbols SMWF or SXKWDM since July 16-17, 2025, it is denominated in Kenyan Shillings (KES) with a targeted annual total expense ratio (TER) of 0.35% and a non-distributing structure, suitable for aggressive risk profiles.

Originally listed on the Johannesburg Stock Exchange (JSE) since 2017, this dual listing on the NSE marks Satrix's expansion into Kenya, managed by Satrix Managers (RF) (Pty) Ltd, a division of Sanlam Investment Management. The fund enables Kenyan investors to access global equities without direct exchange control issues, hedging against KES weakness and enhancing portfolio diversification away from local currency and markets. Market makers include Sanlam Private Wealth, with ABSA Kenya as the local liquidity provider.

Satrix positions this ETF as a cost-effective tool for institutional and retail investors to globalize their portfolios, contributing to the NSE's development by increasing international market exposure and liquidity. The index covers at least 85% of listed equities in included developed countries, comprising major benchmarks like the S&P 500.