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The Sygnia Itrix Global Property ETF is a high risk, passively managed portfolio of listed global property shares, registered as a Collective Investments Scheme, and is listed on the Johannesburg Stock Exchange as an Exchange Traded Fund. The objective of this portfolio is to provide simple access to investors who wish to track the movements of the S&P Global Property 40 Index through investing in the physical index securities. The S&P Global Property 40 Index is designed to provide diversified exposure to 40 leading global property companies. The investment policy of the portfolio shall be to track the Index as closely as practically and feasibly possible by buying securities included in the Index at similar weighting as they are included in the Index. Whenever the Index gets rebalanced, the Portfolio will purchase the newly included constituent securities and will sell the constituent securities which were excluded from the Index and buy or sell the securities that remain in the Index, in order to ensure that the same constituents securities are held by the Portfolio in similar weightings to those being represented in the Index.
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