Sign in Subscribe
Stock exchanges

10X Fund Managers Lists 500,000 Securities of 10X Wealth Next 40 Eq Weighted ETF on JSE

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange (JSE) has welcomed the listing of 500,000 securities of the 10X Wealth Next 40 Eq Weighted ETF by 10X Fund Managers (RF) Proprietary Limited. This move marks a significant expansion of the ETF market in South Africa, providing investors with a new avenue to diversify their portfolios. The listing, which takes effect on August 1, 2025, brings the total number of issued securities to 45,614,943. This development is a testament to the firm's commitment to growth and innovation in the investment sector.

Key Takeaways:

  • The 10X Wealth Next 40 Eq Weighted ETF has been listed on the JSE, expanding the total number of issued securities to 45,614,943.
  • The listing of 500,000 securities represents a strategic addition to the offerings available on the JSE.
  • The designated market category for this new listing falls under Exchange Traded Funds (ETFs), which continue to draw interest from a wide range of investors.
  • The ETF follows an equal-weighted approach to investment, aligning with investor preferences for strategies that differ from traditional market-cap-weighted indices.
  • Stakeholders will be able to incorporate this product into their investment strategies, potentially impacting trading patterns and investment flows within the market.
  • The inclusion of this ETF marks a big move in terms of 10X Fund Managers (RF) Proprietary Limited's presence on the JSE, reflecting its commitment to growth and innovation in the investment sector.
  • The firm continues to adapt to the dynamic landscape of financial markets and investor demands.

Statistics:

  • 500,000: The number of securities listed by 10X Fund Managers (RF) Proprietary Limited.
  • 51,414,943: The total number of issued securities after the listing.
  • R11.91: The issue price of each security.
  • August 1, 2025: The effective date of the listing.
  • 10X Wealth Next 40 Eq Weighted ETF: The name of the newly listed product.

Sources:

  • Johannesburg Stock Exchange (JSE)
  • 10X Fund Managers (RF) Proprietary Limited
  • "Johannesburg Stock Exchange" (Johannesburg Stock Exchange)
  • https://www.jse.co.za/ (August 1, 2025, JSE Listing Announcement)

Read more