Big companies dropped from Satrix's inclusion and diversity index – here's why | Fin24

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Satrix has rebalanced its inclusion and diversity ETF. Nedbank ascended to the top of the Refinitiv Satrix South Africa Inclusion & Diversity Index, while Woolworths fell off.

Nine months after launching its Exchange Traded Fund that lifts the lid on which companies genuinely embrace inclusion and diversity,has rebalanced its Inclusion & Diversity Index, which kicked out players like Woolworths, Investec and others, and saw new champions emerge.

Satrix launched South Africa's ETF based on inclusion and diversity in August 2021. The ETF tracks the Refinitiv Satrix South Africa Inclusion & Diversity Index, developed with Refinitiv. That index recognises companies with entrenched inclusion and diversity throughout their corporate culture. Only 30 companies that rank highest on their combined diversity, inclusion, controversy and people’s development scores make the part.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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