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Can I transfer my Satrix ETF's from another broker to SatrixNOW

Yes you can. 


But it is very important to point out that SatrixNOW only offers Satrix issued ETFs (currently 25 different instruments as of 06/15) on the platform. 


As a result of this, you can only transfer these Satrix instruments from another broker to SatrixNOW. Ie. If you hold non-Satrix ETF instruments issued by other ETF issuers, you will NOT be able to transfer these to your SatrixNOW account.


You can transfer Satrix instruments you hold with another broker to your SatrixNOW account by completing the following process:

1. Request a portfolio / share transfer form from your current broker, complete it and submit it to them under their process and request them to initiate the transfer. This is the Transfer out leg of the transfer.


2. Complete this SatrixNOW_PortfolioTransferForm.pdf document (HYPERLINK), sign it and scan it.


3. Email the signed document to transfers@satrixnow.co.za .



PLEASE NOTE: If you are looking to transfer Satrix instruments you hold in a Tax-free Savings Account with another broker over to SatrixNOW, you need to follow a slightly different process, detailed in this FAQ article -  Can I transfer tax-free investments from another service provider to my SatrixNOW TFSA?


 

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.