Other Administrative Neutral
PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities
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What this filing means
The JSE has approved a routine listing of 100,000 additional PMXINC securities (INC Actively Managed ETF) at R11.93 per unit, bringing the total in issue to 113,424,557. This is the mechanical creation of new ETF units to meet demand — standard practice for an exchange-traded fund — and carries no new investment signal on the underlying portfolio, fees, or strategy.
Bear case
- No investment signal: ETF unit listings are a mechanical consequence of the creation/redemption mechanism, not a view on the underlying portfolio.
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