South Africa’s leading 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 (ETF) and only the second ETF listed on the NSE after Absa’s NewGold ETF debut in 2017.
Dual Listing Bridges Global Exposure
Originally listed on the Johannesburg Stock Exchange (JSE) in 2017, the Satrix MSCI World ETF is now dual-listed, available for trading in Kenyan shillings (KES).
The fund gives Kenyan investors low-cost access to over 1,500 global companies, including Apple, Microsoft, Nvidia, Amazon, and Alphabet—without requiring direct offshore investments.
“This dual listing unlocks access to the MSCI World Index for Kenyan investors, enabling them to diversify beyond local assets,” Satrix noted in its announcement.
Trading begins on 16 July 2025, offering retail and institutional investors a new vehicle for global diversification.
Market Depth and Investment Value
Satrix’s 38 ETFs listed on the JSE span both South African and international equities, representing a portfolio worth over R77 billion (approx. Ksh 561 billion). The newly listed feeder fund, valued at R18.2 billion (approx. Ksh 142 billion), carries a Total Expense Ratio (TER) of just 0.35%, further reinforcing its low-cost positioning.
The fund is managed by the Satrix Investment Team, with Sanlam Private Wealth serving as market maker and ABSA Kenya acting as the local liquidity provider to support efficient trading on the NSE.
“The Satrix MSCI World ETF is a valuable addition to our growing ETF segment and will help expand investment opportunities for local investors,” said Frank Mwiti, Chief Executive of the NSE.
Strategic Growth and Regional Expansion
The dual listing aligns with the NSE’s long-term strategy to deepen market access and enhance product diversity.
“Our expansion into Kenya supports the development of the local capital market by offering more diversified investment options,” said Duma Mxenge, Head of Business and Market Development at Satrix.
Fikile Mbhokota, Satrix CEO, added, “We’re committed to expanding across Africa. This ETF gives Kenyan institutional investors a cost-effective tool to globalise their portfolios, and we’re excited to work closely with local partners.”
