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CityPress - - Business - COM­PILED BY AN­GELIQUE RUZ­ICKA

TWO NEW SATRIX FUNDS TO LIST ON JSE

The in­dex-track­ing plat­form Satrix is launch­ing two new ex­change-traded funds (ETFs) that will of­fer in­vestors ac­cess to prop­erty and in­fla­tion-linked bond mar­kets.

The Satrix Prop­erty ETF will track the per­for­mance of the S&P Global SA Com­pos­ite Prop­erty Capped In­dex, which in­vests in all com­pa­nies in this in­dex that are clas­si­fied as prop­erty com­pa­nies. This in­dex of­fers ex­po­sure to prop­erty in South Africa as well as in the UK.

Three-quar­ters of the com­pa­nies op­er­ate in South Africa and the rest are in the UK.

As of De­cem­ber, the top three hold­ings in the in­dex were Re­de­fine, Re­silient and Growth­point. There are 15 com­pa­nies in­cluded in the in­dex.

Mean­while, the Satrix in­fla­tion-linked bond ETF will track the S&P SA Sovereign In­fla­tion-linked Bond 1+ Year In­dex, which Satrix says will pro­vide in­vestors with a hedge against in­fla­tion.

The new bond ETF will track the per­for­mance of South African in­fla­tion­linked bonds. The con­stituents must have a min­i­mum out­stand­ing debt of R1 bil­lion and a ma­tu­rity greater than one year.

The an­tic­i­pated date of list­ing the funds on the JSE is Fri­day.

THE RISK OF SELL­ING YOUR CAR PRI­VATELY ON­LINE

Fer­nando Pin­heiro, the joint man­ag­ing di­rec­tor of CarZar, a web­site that spe­cialises in buy­ing used cars, has warned of the risks in­volved in sell­ing cars through clas­si­fied web­sites. He pointed out that cus­tomers opened them­selves up to po­ten­tial hi­jack­ings, theft and fraud.

“We talk to sell­ers ev­ery day and a lot of them have scary sto­ries about try­ing to sell their car pri­vately on­line,” he said.

“Some felt ex­posed and un­cer­tain as to whether the peo­ple con­tact­ing them could po­ten­tially rep­re­sent a threat.

“Oth­ers have ex­pe­ri­enced far worse, such as at­tempted hi­jack­ings, or money pay­ments be­ing re­versed af­ter the car has been trans­ferred.”

Pin­heiro added that many peo­ple didn’t want to sell their ve­hi­cles through deal­ers – de­spite the safety ben­e­fits – be­cause they of­ten didn’t get the best deal.

“On­line car buy­ers such as CarZar are a safe and se­cure al­ter­na­tive that also al­lows car sell­ers to get a re­ally good price for their car with­out any dan­ger in terms of safety or fi­nan­cial fraud.”

With CarZar, in­spec­tors come to the seller to eval­u­ate cars and make in­stant as­sess­ments. If they choose to buy the car, the seller gets same-day pay­ment and pa­per­work com­ple­tion.

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