NAIROBI, Kenya, July 16 – Kenyan investors can now access global equity markets more easily following the secondary listing of the Satrix MSCI World Feeder Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE).
The ETF, which begins trading at KES 761 per unit, marks a major step in the NSE’s efforts to deepen market diversification and attract global investment instruments.
Originally listed on the Johannesburg Stock Exchange (JSE) in 2017, the Satrix MSCI World ETF tracks the MSCI World Index, offering exposure to large- and mid-cap companies across 23 developed markets, including the U.S., Japan, Germany, and the U.K.
The fund achieves this exposure by investing in the iShares Core MSCI World UCITS ETF, providing investors with a return profile that mirrors global equity performance.
“This listing reflects the growing attractiveness of our exchange and aligns with our strategy to expand product offerings and enhance market liquidity,” said Frank Mwiti, Chief Executive of the NSE.
The NSE aims to list 50 diverse funds and indices as part of its ongoing internationalization drive. The Satrix listing was facilitated by Absa Bank Kenya, which served as the transaction advisor.
Absa Kenya CEO Abdi Mohamed said the move illustrates the potential of cross-border collaboration in expanding investment options for local investors.
Duma Mxenge, Head of Business and Market Development at Satrix, said the ETF will help Kenyan investors diversify their portfolios beyond local assets and access the performance of developed market equities.
The listing is expected to attract institutional and retail investors looking for offshore exposure without having to move capital out of the country, a key advantage for portfolio diversification amid global market volatility.
