Reitway Global will launch its first property ETF on the JSE on 25 May, according to Reitway Global CEO Greg Rawlins. The fund manager is also looking to list a similar property ETF on the New York Stock Exchange (NYSE).
‘We are looking at listing an ETF on the JSE and then launching another ETF on the NYSE that will track the same index,’ he told Citywire South Africa. The JSE approved the listing on Wednesday.
The new fund, which will be launched with Absa, will be called the NewFunds Reitway Global Property ETF. It will track a custom index created by Global Property Research and Reitway Global covering listed property stocks in Africa, the Americas, Asia Pacific, Europe, and the Middle East.