Description: NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Top 50 ETF is an exchange traded fund launched and managed by NewFunds (Pty) Ltd. The fund is co-managed by Absa Alternative Asset Management Proprietary Limited. It invests in the public equity markets of South Africa. The fund seeks to invest in the stocks of companies operating across diversified sectors. It invests in value and low-volatile stocks of companies across all market capitalizations, with a minimum market capitalization of R10 billion. The fund seeks to replicate the performance of the S&P GIVI South Africa Top 50 Index. It was formerly known as NewFunds Collective Investment Scheme - NewFunds eRAFI Overall SA Index ETF. NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Top 50 ETF was formed on June 4, 2008 and is domiciled in South Africa.
Exchange: JSE
Country: ZA
Currency: South African Rand cents (R)
Category: South Africa & Namibia Equity
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock non-US | 100.00 | 0.00 | 100.00 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Basic Materials | 28.25 | 26.54 |
| Communication Services | 21.69 | 16.50 |
| Consumer Defensive | 21.13 | 9.89 |
| Financial Services | 17.21 | 23.84 |
| Consumer Cyclicals | 5.78 | 11.14 |
| Real Estate | 2.57 | 1.06 |
| Healthcare | 1.96 | 2.68 |
| Industrials | 0.79 | 4.34 |
| Energy | 0.62 | 2.80 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Africa/Middle East | 39.01 | 62.36 |
| Europe Developed | 36.42 | 16.82 |
| United Kingdom | 13.86 | 13.57 |
| Australasia | 10.72 | 1.73 |
| Japan | 0.00 | 0.49 |
| Asia Emerging | 0.00 | 0.36 |
| Latin America | 0.00 | 0.14 |
| North America | 0.00 | 4.14 |
| Asia Developed | 0.00 | 0.34 |
| Europe Emerging | 0.00 | 0.05 |