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| PropTrax - Salient Dates for Distribution |
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| PropTrax - Salient Dates for Distribution |
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| read more |
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| JSE Showcase PropTrax Presentation |
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| JSE Showcase PropTrax Presentation |
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| read more |
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| 2nd Quarter Report - For the Quarter ending 30 June 2010 |
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| 2nd Quarter Report - For the Quarter ending 30 June 2010 |
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| read more |
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How to Invest |
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1. HOW DOES AN INVESTOR BUY PROPERTY INDEX TRACKER SECURITIES? |
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An investor may buy Property Index Tracker securities through a registered member of the JSE. Should you not have a broker, you can contact the participating broker or the JSE, who will be able to furnish you with contact details for JSE members.
As with any share transaction, your broker will attempt to find a sell order for Property Index Tracker securities in the market and match that against your buy order. Where the market does not provide an instant match, Property Index Tracker has appointed official market makers who provide liquidity to the market for Property Index Tracker securities.
If you wish to subscribe for Property Index Tracker securities after an initial offer or you wish to redeem your participatory interests, you should contact the manager.
The managers are currently investigating loading the ETF on various Investment Plans so one can invest via a monthly debit order. |
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2. CAN I BUY PROPERTY INDEX TRACKER PARTICIPATORY INTERESTS AFTER AN INITIAL OFFER CLOSES? |
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Yes, given that the Property Index Tracker portfolios are not closed ended funds, there is no restriction on the number of participatory interests that may be issued. You can acquire additional participatory interests from the manager or on the secondary market through your broker. Once listed, it should be possible to trade the participatory interests at any time during market hours (being 09h00 until 17h00 in South Africa) on South African business days given normal trading conditions. |
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HOW CAN I SELL MY PROPERTY INDEX TRACKER PARTICIPATORY INTERESTS? |
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Should you wish to sell your participatory interests you should contact your broker to facilitate their sale on the JSE.
Property Index Tracker securities are freely tradeable. Given that they are issued only in dematerialised form, any trades are settled through STRATE. In terms of the Act, you may also contact the manager who will repurchase your participatory interests from you or procure the purchase of your participatory interests by the market makers, except in circumstances when the repurchase of participatory interests may be suspended. If the manager effects a repurchase from you, you may elect to receive the consideration in cash or you may take delivery of one or more baskets (in exchange for multiples of 100 000 participatory interests) taking into account any exit fees charged by the manager and transaction costs.
The market maker may also purchase your securities from you. |
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| 4. PROCESS FOR SUBSCRIPTIONS AND REDEMPTIONS |
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| If you choose not to trade on the secondary market but rather to apply for the creation of new Property Index Tracker participatory interests or to redeem your participatory interests (i.e. sell them back to the manager), then you should contact the manager. No in specie creations will be permitted without delivery of the underlying securities in full baskets together with the specified cash amount. |
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