Description: NewFunds Collective Investment Scheme - NewFunds Volatility Managed High Growth Equity ETF is an exchange traded fund launched by NewFunds (Pty) Ltd. It is managed by Absa Alternative Asset Management Proprietary Limited. The fund invests in the public equity markets of South Africa. It invests in the stocks of companies operating across diversified sectors. The fund invests in the volatility and momentum stocks of companies across all market capitalizations. The fund seeks to track the performance of the NewFunds/Absa Volatility Managed SA High Growth Equity Index, by using full replication technique. NewFunds Collective Investment Scheme - NewFunds Volatility Managed High Growth Equity ETF was formed on February 25, 2019 and is domiciled in South Africa.
Exchange: JSE
Country: ZA
Currency: South African Rand cents (R)
Category: ZAR/NAD Flexible Allocation
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock non-US | 99.57 | 0.00 | 99.57 |
| Cash | 0.43 | 0.00 | 0.43 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 33.91 | 21.28 |
| Consumer Cyclicals | 20.35 | 10.32 |
| Consumer Defensive | 11.43 | 10.08 |
| Communication Services | 10.55 | 10.38 |
| Energy | 9.46 | 7.67 |
| Healthcare | 7.70 | 5.60 |
| Industrials | 6.61 | 7.04 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Africa/Middle East | 81.66 | 34.18 |
| United Kingdom | 18.34 | 10.49 |
| Japan | 0.00 | 2.37 |
| Australasia | 0.00 | 3.57 |
| Asia Emerging | 0.00 | 2.08 |
| Latin America | 0.00 | 0.61 |
| North America | 0.00 | 30.32 |
| Asia Developed | 0.00 | 1.96 |
| Europe Emerging | 0.00 | 0.10 |
| Europe Developed | 0.00 | 14.31 |