SYGEMF - Sygnia Itrix MSCI EM 50 ETF
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.
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SYGEMF Stock Market Performance
The current share price of Sygnia Itrix MSCI EM 50 ETF (SYGEMF) is ZAR 17.25. SYGEMF closed its last trading day (Monday, September 20, 2021) at 17.25 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.3% drop from its previous closing price of 17.65 ZAR. Sygnia Itrix MSCI EM 50 ETF closed its IPO day (May 14, 2021) with a share price of 18.23 ZAR but has since lost 5.38% off that price valuation, ranking it 344th on the JSE in terms of year-to-date performance.
Sygnia Itrix MSCI EM 50 ETF is the 166th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 23 - Sep 20, 2021). SYGEMF has traded a total volume of 15.9 million shares—in 689 deals—valued at ZAR 288 million over the period, with an average of 251,667 traded shares per session. A volume high of 5.07 million was achieved on July 28th, and a low of 4,059 on July 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.
|Factsheet of Sygnia Itrix (RF) Pty Limited|
7th Floor, The Foundry, Cardiff Street, Green Point, Cape Town, 8001, South Africa
SYGEMF Industrial Market Competitors
Sygnia Itrix (RF) Pty Limited, issuers of the SYGEMF, Sygnia Itrix Global Property ETF (+17.98%), Sygnia Itrix MSCI US ETF (+17.33%), Sygnia Itrix S&P 500 ETF (+17.24%), Sygnia Itrix MSCI World Index ETF (+13.67%), Sygnia Itrix EURO STOXX 50 ETF (+9.95%), Sygnia Itrix FTSE 100 ETF (+8.34%), Sygnia Itrix MSCI Japan ETF (+8.08%), Sygnia Itrix 4th IR Global Equity ETF (+6.98%), Sygnia Itrix S&P Global 1200 ESG ETF (+4.88%) and Sygnia Itrix Top 40 ETF (+2.4%) 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.
|MTNZF||MTN Zakhele Futhi||2.72B||22.00||+128%|
|ARA||Astoria Investments Ltd||241M||4.25||+77.1%|
|SBP||Sabvest Capital Limited||2.11B||51.50||+73.1%|
|YYLBEE||YeboYethu (RF) Ltd||2.39B||45.23||+29.2%|
|SCP||Stellar Cap Partners Ltd||858M||0.94||+25.3%|
|NFEVAL||NF Equity Value ETF||208M||10.29||+23.4%|
|ETFGRE||1nvest Global REIT ETF||129M||21.02||+20.5%|
|GLPROP||CoreShares S&P Global Property ETF||525M||42.98||+20.2%|
|ETF500||1nvest S&P 500 Index ETF||81.8M||327.16||+18.6%|