Kenyans Get Access to Invest in World's Top Companies as South Africa's Satrix Lists ETF in Nairobi
- Satrix has successfully dual-listed its MSCI World Feeder ETF on the Nairobi Securities Exchange, expanding access to global equities for Kenyan investors
- The Satrix MSCI World Feeder ETF tracks the MSCI World Index, offering broad exposure to large- and mid-cap companies from 23 developed market countries
- NSE leadership has hailed the listing as a significant milestone in modernising and internationalising Kenya’s capital markets
Elijah Ntongai, an editor at TUKO.co.ke, has over four years of financial, business, and technology research and reporting experience, providing insights into Kenyan, African, and global trends.
Satrix, a leading provider of index-tracking investment products in South Africa, has successfully dual-listed the Satrix MSCI World Feeder ETF on the Nairobi Securities Exchange (NSE).
Source: Twitter
The ETF, originally listed on the Johannesburg Stock Exchange (JSE), will now be available to investors in Kenya and the broader East African region, offering a simple, affordable, and diversified gateway to global equities.
What is the Satrix MSCI World Feeder ETF?
An Exchange-Traded Fund (ETF) is an investment product that allows individuals to buy a collection of stocks or other assets in one go, offering an easy and affordable way to diversify.
It works like a basket holding many shares, often from different companies, sectors, or even countries, and is traded on the stock exchange just like individual company stocks.
The Satrix MSCI World Feeder ETF is a collective investment scheme designed to mirror the performance of the MSCI World Index, a widely recognised benchmark comprising large- and mid-cap companies from 23 developed market countries.
The index has about 1,398 constituents and captures approximately 85% of the free float-adjusted market capitalisation in each included country, allowing investors broad exposure to global developed markets through a single instrument.
Notably, ETFs offer a low-risk, cost-effective way to invest in a wide range of companies without having to buy each stock individually.
NSE welcomes Satrix MSCI World Feeder ETF
The NSE leadership has welcomed the listing, describing it as a landmark achievement in the ongoing journey to modernise and internationalise Kenya’s capital markets.
“It reflects growing global confidence in the strength of our market infrastructure and operational capacity. This development not only reaffirms the NSE’s rising appeal to international issuers but also demonstrates the tangible progress we are making in aligning with global standards,” said Kiprono Kittony, chairman of the Nairobi Securities Exchange.
Absa Bank Kenya served as the transaction broker for the dual listing, playing a pivotal role in structuring and executing the cross-border deal.
“This is a proud moment to have acted as transaction brokers on this landmark deal. This transaction required deep cross-border expertise, seamless structuring, and careful navigation of regulatory requirements across jurisdictions. It stands as an example of what can be achieved when technical expertise meets client-centricity,” said Abdi Mohamed, Managing Director and CEO of Absa Bank Kenya.
Source: Twitter
The listing of the Satrix MSCI World Feeder ETF is a major step for the NSE. It will enhance NSE's profile as a regional financial hub and give Kenyan investors a competitive tool to diversify their portfolios beyond local and regional assets.
Top stock markets in East Africa
In other news, NSE is East Africa's largest and most active bourse, boasting a market capitalisation of over KSh 2.32 trillion and 62 listed companies.
Tanzania’s Dar es Salaam Stock Exchange (DSE) follows with a market cap of KSh 890 billion and 28 listings, while Rwanda and Uganda lag behind with smaller exchanges and limited listings, valued at approximately KSh 459 billion and KSh 303 billion respectively.
The recent launch of the EAE 20 Share Index, the region’s first cross-border index, marked a major step toward unifying these markets, with the index showcasing top companies across Kenya, Tanzania, Uganda, and Rwanda, to boost investor confidence and cross-border trading potential.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
