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What is a Recurring Investment on SatrixNOW

Should you want to invest in a particular ETF on SatrixNOW, until recently you were required to fund your account, wait for the funds to be allocated to your account, login to the platform, search for the particular instrument, indicate the amount of money you'd like to invest, confirm your transaction and then submit your instruction to buy or sell.

Now while that sounds difficult, we've actually ensured that it's pretty easy to do on the platform.

But, if you really like a particular instrument or product and want to invest in that item more regularly each time you have the funds available, repeating the process above over and over again in the same manner can be a bit of a chore

So we've developed our Recurring Investment functionality to take care of these regular / repetitive investments in one simple step.

So if for example you fancy the Satrix 40 ETF and want to ensure that you Invest the R500 you may have spare each month, you can simply set up a Recurring Investment to buy R500 worth of that ETF each Month / Quarter / Year.

It's as simple as that.

A detailed explanation of how to setup a Recurring Investment is detailed in this FAQ article.

To view costs associated with Recurring Investments, please consult our SatrixNOW Cost Profile.

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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.