Other Administrative Neutral
10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Listing of 48 228 820 10X Wealth GOVI ETF securities
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What this filing means
The 10X Wealth GOVI ETF is listing 48.2 million additional securities at R12.16 each, bringing total units in issue to 301.2 million.
Bull case
- The listing of 48,228,820 additional securities at an issue price of R12.16 reflects ongoing capital inflows into the ETF.
- The total number of securities in issue increases to 301,273,297, expanding the overall scale of the fund.
Bear case
- The issuance of 48.2 million new units requires the manager to efficiently deploy the raised capital to avoid tracking error against the underlying index.
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