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Momentum Exchange Traded Fund  

Momentum can be described as the tendency of a stock to continue exhibiting an upward trend in the near future, given that the stock’s price has appreciated over the recent past. The NewFunds Equity Momentum ETF selects 20 stocks that have exhibited the greatest price appreciation over the past 12 months (excluding the most recent month). The stocks are weighted such that the risk contributed by each stock to the overall portfolio is equal at the time of rebalancing.

The NewFunds Equity Momentum ETF is aimed at providing Investors with diversified exposure to 20 constituents securities in the South African equity market that exhibit greatest price appreciation over the past 12 months (excluding the most recent month) in their performance by tracking the Absa Wits Risk-Controlled SA-Momentum Index where the constituent security’s weights in the Momentum Index are determined by applying an equal risk contribution weighting scheme. The Momentum Index was created by Absa Bank Limited in collaboration with Wits University using their Findata@Wits® database. The ETF is total return in nature therefore all dividends and income received in the Portfolio is reinvested at each income distribution date.

Sector allocation

Basic Materials (30.57%)
Consumer Goods (3.35%)
Consumer Services (21.48%)
Financials (37.28%)
Industrials (7.32%)
Source: Absa CIB

Historical performance graph

Annualised return  9.05%
Benchmark return  6.17%
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) 14/11/2018
Number of listed securities on issue 74,371,463.5
Market Capitalisation* R 74,385,500.00
Nav per Security (Close) R 28.06
Cash Contribution per Basket R 28,128,206.42
Reference price** 28.07
Index Level (Close) 90.64129318

Document downloads

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