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Equity Momentum Exchange Traded Fund  

NewFunds Equity Momentum ETF tracks the total return performance of the NewFunds Risk-Controlled WITS SA-Momentum Index, an index consisting of the top 20 South African equity market shares ranked by their absolute price momentum and then wieghted per their risk contribution to the entire index. The weighting scheme neutralizes index concentration and achieves equal risk contribution of the index constituents

The ETF rebalances on monthly basis. Any dividends received get reinvested back into the fund, although dividends are reinvested they are deemed distributed for tax purposes.

Sector allocation

Basic Materials (42.86%)
Consumer Services (16.72%)
Financials (24.92%)
Industrials (15.39%)
Other (0.11%)
Source: Absa CIB

Previous day closing price

R29.82

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.

Current bid and offer

Bid price

25.55

Ask price

30.79
15 minute delay

Historical performance graph

Annualised return  13.79%
Benchmark return  7.65%
Date Range
 Equity Momentum ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 26 January 2012
Fiscal Year 31 December
Domicile South Africa
Currency ZAR
Manager NewFunds (Pty) Ltd
Trustees Standard Bank of South Africa Limited
Issuer NewFunds Collective Investment Scheme
Stock Exchange JSE Limited
JSE Code NFEMOM
Market Maker Absa

Asset information

Date (close) 28/03/2017
Number of listed securities on issue 48,575,526.72
Market Capitalisation* R 48,528,000.00
Nav per Security (Close) R 30.36
Cash Contribution per Basket R 29,365,504.20
Reference price** 30.33
Index Level (Close) 99.42

Document downloads

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Copyright 2013 Corporate and Investment Banking, Absa. All Rights Reserved. Corporate and Investment Banking is a division of Absa Bank Limited, Reg No. 1986/004794/06. Authorised Financial Services Provider. Registered Credit Provider Reg No NCRCP7.