• Satrix has listed its MSCI World Feeder ETF on the Nairobi Securities Exchange at $5.89 (KES 761) per unit, enabling Kenyan investors to access global equity markets.
  • The ETF, tracking the MSCI World Index, aims to diversify portfolios and enhance the NSE’s global visibility.
  • This move, supported by Absa Bank Kenya, marks a significant step in internationalizing Kenya’s capital markets.

Satrix, a giant in South Africa’s index-tracking investment sector, has announced the secondary listing of its MSCI World Feeder ETF on the Nairobi Securities Exchange (NSE) at $5.89 (KES761) per unit. This development, unveiled on July 16, 2025, opens a new chapter for Kenyan investors, granting them unprecedented access to global equity markets.

The listing extends Satrix’s reach into African markets, offering a diversified investment vehicle that tracks the MSCI World Index, a benchmark of large and mid-cap stocks across developed nations.

The Satrix MSCI World Equity Feeder ETF, already a staple on the Johannesburg Stock Exchange (JSE) since 2017, is a Collective Investment Scheme designed to mirror the MSCI World Index’s performance in South African Rand (ZAR). By investing in the iShares Core MSCI World UCITS ETF, it delivers a total return that encapsulates both capital and income gains, aligning closely with the index’s movements. For Kenyan investors, this ETF will be denominated in Kenyan Shillings (KES), making it a seamless addition to local portfolios.

Satrix expanding horizons for Kenyan investors

Satrix’s portfolio boasts 38 ETFs on the JSE, managing assets worth over R77 billion (approximately KES561 billion). This secondary listing on the NSE is a strategic step to democratize access to global equities, enabling Kenyan investors to diversify beyond local offerings. The MSCI World Index, which the ETF tracks, includes stocks from developed markets meeting stringent size, liquidity, and free-float criteria, offering exposure to a broad spectrum of global industries.

Frank Mwiti, Chief Executive Officer of the NSE, hailed the listing as a transformative milestone. “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,” Mwiti said. “This listing offers our investors a new avenue to deploy capital into a globally recognized product. It also aligns with our strategy to list 50 diverse funds and indices, enhancing market depth, liquidity, and expanding investment opportunities for local investors.”

A Strategic Leap for NSE’s Global Ambitions

The listing is more than a financial product launch; it’s a pivotal step in the NSE’s internationalization. Mwiti highlighted that this move positions the Exchange as a globally connected hub, enhancing its visibility and appeal. By integrating a product tied to the MSCI World Index, the NSE is poised to attract both local and regional investors seeking diversified, high-quality investment options.

Duma Mxenge, Satrix’s Head of Business and Market Development, echoed this sentiment. “We are excited to expand Satrix’s offerings into Kenya, as we believe this will significantly contribute to the development of local capital markets,” Mxenge stated. “By providing Kenyan investors with access to a broader range of investment options, we help diversify their portfolios.” He further noted that the ETF’s listing would play a “pivotal role in globalising the NSE, increasing its visibility and exposure to international markets.”

A Collaborative Triumph

The transaction, which was advised by Absa Bank Kenya, underscores the power of cross-border expertise. Abdi Mohamed, Managing Director and CEO of Absa Bank Kenya, highlighted the deal’s complexity. “We are proud to have acted as the transaction advisor on this landmark deal,” Mohamed said. “This transaction required deep cross-border expertise, seamless structuring, and careful navigation of regulatory requirements across jurisdictions.” The collaboration between Absa’s Corporate & Investment Banking and Global Markets teams, alongside the NSE and Satrix, exemplifies client-centric execution.

Fikile Mbhokota, Satrix’s CEO, underscored the listing as part of a broader African expansion strategy. “Our continued expansion into Africa is a key component of our strategic plan,” Mbhokota remarked. “We are thrilled about our product’s entry into Kenya and look forward to collaborating with market participants as we continue to enhance our African offerings.” As Kenyan investors embrace this opportunity, the Satrix MSCI World Feeder ETF promises to reshape the investment landscape, bridging Nairobi to the global stage.

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