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NewFunds Equity Momentum ETF Summary Fact Sheet
South African--Equity--Large Cap
 
Technical Overview
Formation Date: 27 Jan 2012
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price
 
Management
 NewFunds (Pty) Ltd.
 
St John Bunkell, MSc Chem.Eng
St John has been with Absa Alternative Asset Management since September 2009; in this time he has been responsible for the strategic design and implementation of AAM's long only asset management business. He a portfolio manager on all equity funds and is integrally involved with the fixed income and balanced fund offerings. St John started his career in 1997 and has experience in risk management, structured solutions, asset management and hedge funds. He spend several years in London where he started Gensec UK structured products and worked in the pension fund environment. He has been largely responsible for the strategic alliance between AAM and the asset manager business of Barclays Capital (BCFS), having integrated Barclays Capital trading technology as well as being involved in several BCFS investments by South African Institutional clients. He is involved in the development and management of AAM's hedge fund offering.
 
Neels Pretorius
 
Ranking
Sector: South African-Equity-Large Cap
Fund Size: R359 330 496 (as at 30 Jun 2021)
Sector Rank: 17 out of 21
(lump sum over 1 years to 31 Aug 2021)
Overall Rank: 403 out of 1345
(lump sum over 1 years to 31 Aug 2021)
R1000 invested on 31 Aug 2020 was worth R1 178.79 on 31 Aug 2021 (17.88% annual compound return)
R100 per month since 31 Aug 2020 was worth R1 375.31 on 31 Aug 2021 (24.96% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
1. The investment policy of the portfolio shall be to - 1.1. track the Index as closely as possible, to the fullest extent possible, by - 1.1.1. buying only securities in the Index weightings in which they have been included in the Index; and 1.1.2. selling only securities which are excluded from the Index from time to time as a result of the quarterly Index reviews or corporate actions, so as to ensure that at all times the portfolio holds constituent securities in the same weightings as they are included in the Index; and 1.2. as a further objective, to manage the securities held by the portfolio to generate income for the benefit of investors. 2. The portfolio shall not buy or sell securities for the purpose of making a profit nor for any purpose other than tracking the Index. 3. Investors may obtain participatory interests in the portfolio on the secondary market or by subscribing for new participatory interests in the portfolio on the primary market. In order to achieve this object the manager may, subject to the Act and the Deed, create and issue an unlimited number of participatory interests in the portfolio. 4. The portfolio will be passively managed in that the manager will not buy and sell securities based on economic, financial and/or market analysis but rather, will buy and sell securities solely for the purpose of ensuring that the portfolio tracks the Index. As such the investment objective and style of the portfolio will be full replication of the Index. Accordingly the financial or other condition of any company or entity included from time to time in the Index will not result in the elimination of its securities from the portfolio, unless the securities of such company or entity are removed from the Index itself. 5. The composition of the portfolio will be adjusted periodically to conform to changes in the composition and weightings of the securities in the Index so as to ensure that the composition and weightings of the portfolio are a reflection of the composition and weighting of the securities contained in the Index. 6. The manager shall further be entitled, in its discretion and only on a temporary basis, to employ such other investment techniques and instruments as will most effectively give effect to the object or the investment policies of the portfolio, subject to the provisions of the Deed and the Act from time to time. 7. The portfolio shall hold securities purely for the economic rights and benefits attaching thereto and, accordingly, if there is any takeover bid or other corporate action occurs in relation to any constituent company, the portfolio shall not surrender any securities held by the portfolio which may be subject to such takeover bid or other corporate action, unless such surrender is mandatory (and then only to the extent of such mandatory surrender) in terms of any applicable law or under the rules of a regulatory authority or body having jurisdiction over the portfolio and/or the applicable securities. However, if any such takeover bid or corporate action results in a previously constituent company no longer qualifying for inclusion in the Index, any shares in such constituent company held by the portfolio, shall be disposed of by the portfolio and the proceeds derived from such disposal shall be applied in effecting the appropriate adjustments to the portfolio so as to ensure same tracks the Index. 8. Assets in liquid form will form a minor part of the Portfolio's assets. 9. The portfolio's ability to replicate the price and yield performance of the Index will be affected by the costs and expenses incurred by the portfolio. 10. Since the manager will not be distributing to investors any income (including dividends) in the portfolio, the manager will disclose in the portfolio supplements that such income will be reinvested in the portfolio. 11. Any material change in the investment policy of the portfolio shall constitute an amendment of the deed, and shall be subject to the provisions of clause 59 of the deed, in which event investors shall be given reasonable notice to enable them to redeem their participatory interest prior to implementation of the change.
 
Latest Fund Manager Comment / News
The NewFunds Equity Momentum ETF ("the Portfolio") is aimed at providing Investors with  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Jun 2021
Share No Units Value (Rm) % of Fund
SHOPRIT 175 181 27.23 7.58%
DISTELL 162 600 27.15 7.56%
PSG 311 374 24.78 6.90%
CAPITEC 13 304 22.44 6.24%
KUMBA 29 903 19.16 5.33%
Totals   120.76 33.61%
 
Comparative Performance
 
Portfolio Structure as at 30 Jun 2021
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
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Sectoral Information
Click here for Sectoral Information for this fund.
 


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