Sygnia Asset Management launched its Itrix New China Sectors Exchange Traded Fund (ETF) on the Johannesburg Stock Exchange. This ETF offers South African investors exposure to companies in consumption and service-oriented industries, domiciled in mainland China and Hong Kong. The ETF is a passively managed index-tracking fund that replicates the price and yield performance of the S&P New China Sectors Index. Sygnia said it has invested R150 million into the fund and aims to attract investors who want to achieve long-term capital appreciation and higher returns.
