The JSE lists two new ETFs with a focus on ESG and property assets

Two new property Exchange Traded Funds (ETFs) by Reitway Global have been listed on the JSE via Prescient Management Company’s newly approved co-named ETF platform.

These two new funds are the Reitway Global Property ESG Prescient ETF, which tracks the Reitway Global Property ESG Index, and the Reitway Global Property Diversified Prescient ETF, which will track the Reitway Global Property Diversified Index.

The listing of the two Index tracking Global Property ETFs together with the existing Satrix Reitway Global Property ETF is a visible demonstration and a milestone in the implementation of our strategy where we “Acknowledge Passive while Embracing Active”. This, together with the objective to list an Actively Managed ETF in due course, will enable us to present investors an array of investment vehicles that extract different performance aspects of the Global Property universe,” says Greg Rawlins, CEO of Reitway Global.

The Reitway Global Property ESG Index’s objective is to deliver a credible absolute and relative performance, while still maintaining a minimum ESG ranking of 90%.

The REIT ESG ranking consists of five categories computed and maintained by an accredited and reputable ESG ranking agency this being the Global Real Estate Sustainability Benchmark (known as GRESB). The five categories are:

  • Disclosure Methods
  • Governance of Sustainability
  • Implementation
  • Operational Performance
  • Stakeholder Engagement

Adèle Hattingh, Exchange Products Manager at the JSE says that ETFs are an excellent option for passive investors looking for long-term returns.

It is encouraging to see more ETFs listing on the JSE to give individual investors a diverse range of products to include in their portfolios. We are thrilled to welcome the Reitway Global Property ESG Prescient ETF and Reitway Global Property Diversified Prescient ETF as they expose investors to sustainable investment and property assets,” concludes Hattingh.

The JSE has a history of working with Reitway Global, as in 2021, the bourse listed the Newfunds Reitway Global Property ETF, launched together with Absa bank – giving local investors exposure to listed property stocks in the Americas, Asia Pacific, Europe, and the Middle East.