SYGEMF - Sygnia Itrix MSCI EM 50 ETF

Jun 2, 2023 at 16:59 Twitter · Facebook

SYGEMF share price on Johannesburg Stock Exchange

The Sygnia Itrix MSCI Emerging Markets 50 ETF (SYGEMF) is a high-risk, passively managed index-tracking fund registered as a collective investments scheme and listed on the JSE as an exchange traded fund. The objective of SYGEMF is to provide an investment vehicle that gives investors long term capital appreciation in tracking the performance of the MSCI Emerging Markets 50 Index. The ETF also aims to replicate the price and yield performance of the MSCI EM 50 Index as closely as possible by holding a portfolio of securities equivalent to the basket of securities that comprise the index, and in similar weightings to the Index.

The MSCI Emerging Markets 50 Index, weighted by free float-adjusted market capitalization, is based on the MSCI Emerging Markets Index (“Parent Index”) and includes 50 of its largest constituents, putting stronger emphasis on tradability compared to the Parent Index. To enhance tradability, the MSCI EM 50 applies eligibility screens that exclude smaller emerging market countries and replaces constituent securities for selected markets with depository receipts. Thus, the SYGEMF fund is more liquid than the Parent Index and avoids issues of instruments that have limited foreign ownership, as is also beneficial in terms of risk management.

Sygnia Itrix MSCI EM 50 ETF is listed on the Johannesburg Stock Exchange (JSE) since May 14th, 2021. Sygnia Itrix MSCI EM 50 ETF is traded on the JSE under the ticker symbol “SYGEMF”. The International Securities Identification Number (ISIN) of JSE:SYGEMF is ZAE000297792. Sygnia Itrix MSCI EM 50 ETF is currently the 184th most valuable stock on the JSE with a market capitalization of ZAR 2.46 billion, which is about 0.013% of the Johannesburg Stock Exchange equity market.

SYGEMF Stock Market Performance

The current share price of Sygnia Itrix MSCI EM 50 ETF (SYGEMF) is ZAR 16.85. SYGEMF closed its last trading day (Friday, June 2, 2023) at 16.85 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.6% gain over its previous closing price of 16.43 ZAR. Sygnia Itrix MSCI EM 50 ETF began the year with a share price of 13.75 ZAR and has since gained 22.6% on that price valuation, ranking it 46th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about SYGEMF knowing the stock has accrued 10% over the past four-week period—33rd best on JSE.

Sygnia Itrix MSCI EM 50 ETF is the 192nd most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 1 - Jun 2, 2023). SYGEMF has traded a total volume of 6.42 million shares—in 513 deals—valued at ZAR 98.6 million over the period, with an average of 101,850 traded shares per session. A volume high of 850,925 was achieved on March 27th, and a low of 3,025 on March 7th, for the same period. The table below details the last 10 trading days of activity of Sygnia Itrix MSCI EM 50 ETF on the Johannesburg Stock Exchange.

Profile of Sygnia Itrix (RF) Pty Limited

Sygnia Itrix (RF) Pty Limited operates in the Financials sector, specifically, the Investment Services industry.

SYGEMF Industrial Market Competitors

Sygnia Itrix (RF) Pty Limited, issuers of the SYGEMF, Sygnia Itrix EURO STOXX 50 ETF (+32.87%), Sygnia Itrix MSCI Japan ETF (+28.48%), Sygnia Itrix MSCI US ETF (+28.15%), Sygnia Itrix S&P Global 1200 ESG ETF (+27.66%), Sygnia Itrix S&P 500 ETF (+27.57%), Sygnia Itrix MSCI World Index ETF (+24.15%), Sygnia Itrix 4th IR Global Equity ETF (+22.3%), Sygnia Itrix Sustainable Economy ETF (+21.5%), Sygnia Itrix FTSE 100 ETF (+20.09%) and Sygnia Itrix Global Property ETF (+13.26%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange