@thiza nice one. How much you going in with, or just small monthly adds?
Satrix S&P 500 ETF (JSE: STX500)
- Open
- R138.60
- Prev Close
- R138.69
- Day High
- R138.62
- Day Low
- R137.30
Key statistics
| Market cap | N/A |
|---|---|
| P/E | N/A |
| EPS | N/A |
| Div yield | N/A |
| 52W high | R140.00 |
| 52W low | R127.00 |
| Volume | 683K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from live member stances recorded by registered members on this page.
STX500 sitting at R131.38 gives local investors cheap exposure to the S&P 500 without currency drag if you're holding ZAR. The US market's been resilient despite rate concerns, so the underlying fundamentals remain decent for long-term dollar-based growth.
Picked up more STX500 at 131.38 because the US market's fundamentals still favour growth over value, and at that price the rand exposure gives decent diversification for a local portfolio without fighting the JSE's liquidity constraints.
Picked up more STX500 at R133.91 on the assumption that US earnings season holds and the Fed doesn't go full panic mode, but I'm not convinced the rand weakness we've seen is done with yet so the rand hedge cuts both ways.
STX500 holding R134.60 after that modest bounce today, which is solid given the rand's been taking a beating. Versus Satrix Top 40 which tracks local cats, the US exposure here has given it way better returns over five years despite higher fees, so the trade-off is worth it if yo
STX500 up just over 1% today, which is decent given the rand's weakness against dollar terms. The ETF tracks US large-cap growth so you're essentially getting US earnings exposure without picking individual stocks, though the fee drag is real if you're comparing to a direct US eq