NAIROBI, Kenya-Kenyan investors now have a gateway to global equity markets following the listing of the Satrix MSCI World Feeder Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE).
The ETF, priced at Ksh 761 per unit, enables access to stocks across major developed economies without leaving the local market.
The fund tracks the MSCI World Index, which covers large and mid-cap companies across 23 developed countries.
To achieve this, it invests in the iShares Core MSCI World UCITS ETF, a global index tracker offering investors a broad and diversified portfolio of one product.
The Satrix MSCI World Feeder ETF has been listed on the Johannesburg Stock Exchange (JSE) since 2017 and is now making its debut on the NSE as a secondary listing denominated in Kenyan Shillings.
The move comes as more Kenyan investors seek to diversify their holdings and cushion themselves from local market volatility and currency fluctuations.
Satrix is known for offering low-cost, passive investment vehicles.
The company currently manages 38 ETFs on the JSE with a total value of over Sh561 billion.
Speaking during the listing, Frank Mwiti, Chief Executive Officer of the NSE, said, “The secondary listing of the Satrix MSCI World Equity Feeder ETF on the NSE underscores the growing attractiveness of our Exchange to both investors and issuers. This listing offers our investors a new avenue to deploy capital into a globally recognized product.”
Duma Mxenge, Head of Business and Market Development at Satrix, added, “By providing Kenyan investors with access to a broader range of investment options, we help diversify their portfolios. Additionally, the listing of the ETF will play a pivotal role in globalising the NSE.”
The listing reflects a shift toward deeper integration between African capital markets and global investment flows.
