South African largest provider of index-tracking funds, Satrix has officially entered the Kenyan market by listing its MSCI World feeder ETF on the Nairobi Securities Exchange (NSE).
This marks Kenya’s first equity-based exchange-traded fund and only its second ETF overall, after Absa’s NewGold ETF introduced in 2017.
The fund, which has been listed on the Johannesburg Stock Exchange (JSE) since 2017, is now dual-listed and available for trading on the NSE in Kenyan shillings (KES).
The listing will go live on 16 July 2025 giving Kenyan investors access to a globally diversified fund without needing to invest directly in offshore markets.
It also provides Kenyan investors with low-cost access to more than 1,500 of the world’s largest companies—including Apple, Microsoft, Nvidia, Amazon, and Alphabet—through a single ETF traded in Kenyan shillings
“This dual listing unlocks access to the MSCI World Index for Kenyan investors, enabling them to diversify beyond local assets,” the firm said, noting the potential for improved portfolio performance through global exposure.
NSE Lists Satrix MSCI World ETF with Ksh 561B Investment Portfolio
Satrix has established itself as a major player in the index-tracking investment market, with a strong track record of innovation and growth.
The company currently offers 38 ETFs listed on the JSE, covering a mix of South African and global equities across various asset classes.
These funds represent a total value of more than R77 billion (approximately Ksh 561 billion).
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The newly listed Exchange-Traded Fund (ETF) allows Kenyan investors to own a portion of leading global companies at a low cost, with a Total Expense Ratio (TER) of 0.35%.
According to Satrix’s dual listing information sheet and positioning document for Kenya, the Satrix MSCI World Feeder ETF is valued at approximately R18.2 billion (around Ksh 142 billion).
The fund operates as a feeder fund, investing fully into BlackRock’s iShares Core MSCI World UCITS ETF, which mirrors the performance of the MSCI World Index—an index that tracks top global companies across developed markets.
The fund is managed by the Satrix Investment Team, while Sanlam Private Wealth acts as the market maker and ABSA Kenya serves as the local liquidity provider, helping ensure smooth trading on the NSE.
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Satrix Dual Listing to Globalise NSE, Expand Portfolio Choices for Investors
Welcoming the listing, Frank Mwiti, Chief Executive of the NSE, said it supports the exchange’s long-term strategy to deepen the market, enhance liquidity, and widen the range of investment options for Kenyan investors.
“The Satrix MSCI World ETF is a valuable addition to our growing ETF segment and will help expand investment opportunities for local investors,” he said.
Duma Mxenge, Head of Business and Market Development at Satrix, said the expansion into Kenya is expected to support the development of the local capital market by offering more diversified investment options.
He also noted that the dual listing will help internationalise the NSE and raise its global visibility.
Fikile Mbhokota, Chief Executive Officer of Satrix, added that the move is part of a broader strategy to expand across Africa.
She expressed confidence that the ETF will provide Kenyan institutional investors with a cost-effective way to diversify their portfolios globally, and that Satrix is committed to working closely with local market participants.
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