Alexforbes Passive Growth Satrix ETF to List on JSE

In Short

A new Alexforbes Global Passive Growth Satrix Fund of Funds actively managed ETF is scheduled to list on the JSE in November 2026.

What Happened

A SENS announcement dated 20 October 2026 said the Alexforbes Global Passive Growth Satrix Fund of Funds actively managed ETF will be listed on the main board of the JSE, in the actively managed exchange traded fund section.

The initial offer is scheduled to open on 10 November 2026. Trading is planned to begin on 17 November 2026.

An ETF, short for exchange traded fund, is an investment fund you can buy and sell on a stock exchange like a normal share. A fund of funds is a fund that invests in other funds, not directly into shares or bonds.

The name “Passive Growth” suggests the underlying holdings are largely index based, meaning they aim to track market performance rather than pick individual winners. The “actively managed ETF” label points to a structure where the manager can still adjust exposures within the ETF wrapper, instead of following a fixed index rulebook.

Why It Matters

For South African investors, more JSE listed ETFs can increase choice and competition on fees, access, and product design. ETFs also tend to be easier to buy than traditional unit trusts because they trade during market hours and can be held in standard brokerage accounts.

For Alexforbes, the listing is another step in expanding its investment product shelf on public markets. It also shows that the JSE’s actively managed ETF segment is still attracting new issuers and strategies, including multi fund products aimed at long term growth.

Investors will still need to review costs, underlying fund exposures, and risk profile before buying. A fund of funds can add an extra layer of fees, since you pay the ETF costs and the costs of the underlying funds.