| Technical Overview |
| Formation Date: |
25 Sep 2007 |
| Holdings: |
17 |
| Original Price: |
3554 |
| Pricing System: |
Forward |
| |
| Price |
 |
| |
| Management |
| Fortress Asset Managers |
| |
| Ranking |
| Sector: |
Domestic-Real Estate-General |
| Size: |
R282 547 965 |
| Sector Rank: |
1 out of 23
(lump sum over 1 years to 31 Aug 2010) |
|
|
| Focus and Objective |
The investment objective of each of the Property Index Tracker portfolios is to replicate the price and yield performance of the relevant Index by holding a portfolio of securities substantially equivalent to the basket of securities comprising the Index in the same weighting as the Index.
The Property Index Tracker portfolio will be adjusted as determined by the ground rules to conform to changes in the basket of securities comprising the Index so as to ensure that the composition and weighting of the securities comprising the relevant Property Index Tracker portfolio at all times reflects, as closely as reasonably possible, the composition and weighting of the securities comprising the Index.
The initial SAPY portfolio tracks the price and yield performance of the JSE/FTSE Africa Listed Property Index. (the SAPY index) As such, the SAPY portfolio affords both retail and institutional investors an opportunity to access the performance of the top twenty JSE listed real estate securities by investing in a single instrument namely a participatory interest in the proposed SAPY portfolio.
Property Index Tracker or PropTrax is the first property ETF in South Africa. It gives the investor access and good exposure to the high performance real estate sector, without charging huge fees, and maintaining low entrance levels. PropTrax offers the investor ease of professional management to secure the top twenty South African real estate listed securities.
Investors in the SAPY portfolio diversify their risk within the listed real estate sector, (although they are only holding a single instrument) given the exposure of the SAPY portfolio to a broad range of underlying securities. In addition, investors enjoy quarterly distributions, even though certain of the securities included in the SAPY index may only pay distributions on a six-monthly basis.
It is expected that participatory interests in the SAPY portfolio will trade with a higher degree of liquidity than certain of the securities included in the SAPY index, making it a more attractive prospect for investors who may not otherwise have considered the listed real estate sector.
|
| |
Latest News |
| Property Index Tracker SAPY comment - Sep 09 |
| Friday, 20 November 2009 |
| SA listed property returns rose strongly during the quarter. Holdings in the fund that ...more |
| |
| News Archive |
| Click here for complete news archive for this fund. |
| |
Top Holdings on 30 Jun 2010 |
| Share |
No Units |
Value (Rm) |
% of Fund |
| GROWPNT |
4 325 894 |
67.14 |
23.76% |
| REDEFINE |
7 420 412 |
53.43 |
18.91% |
| PANPROP |
1 228 748 |
21.52 |
7.61% |
| RESILIENT |
715 292 |
20.03 |
7.09% |
| HYPROP |
348 261 |
17.41 |
6.16% |
| Totals |
|
179.52 |
63.54% |
| |
Comparative Performance |
 |
| |
| Portfolio Structure as at 30 Jun 2010 |
| Click here for complete portfolio for this fund. |
| |
| Dividend Data |
| Click here for Dividend History for this fund. |
| |
| Fees and Charges |
| Click here for fees and charges for this fund. |
| |
| Sectoral Information |
| Click here for Sectoral Information for this fund. |
| |
|
Disclaimer: Profile Media (Pty) Ltd has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. © Copyright Reserved 2010
Quick Fund Switch
E-mail
Print