Ayanda Shezi
14 October 2005
Johannesburg — THE Itrix FTSE 100 and Itrix DJ Euro Stoxx 50 exchange traded funds -- listed on the JSE on Monday -- were yesterday quoted at R61,40 and R26,70 a share respectively, each down 0,9% from their previous close.
The funds -- Itrix on JSE main board -- enable SA's investors to track global market performance without exchange control restrictions. The share price tracks the rand value of 1/1000th of the underlying index levels.
The Itrix FTSE 100 and Itrix DJ Euro Stoxx 50 track the FTSE 100 and Dow Jones Euro Stoxx 50 indices, respectively, exposing investors to leading benchmark indices in the UK and Europe.
In the past two years, the FTSE 100 grew 312% in rand terms and the Euro Stoxx 50 405%. The former tracks performance of the 100 largest shares on the London exchange, the latter the 50 most liquid blue-chip stocks from euro-zone countries.
JSE trading division assistant GM Ben Meyer said when the funds listed that more than R220m had been raised in the two-week initial public offering last month.
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