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NewSA Exchange Traded Fund  

The NewSA Exchange Traded Fund (ETF) gives investors a unique opportunity to invest in a product designed to invest in broad-based black economic empowerment (B-BBEE) South African companies. NewSA tracks an index designed by Absa Corporate and Investment Banking and calculated by FTSE/JSE.

The portfolio comprises a modified FTSE/JSE Top 40 index, with the weightings determined by the top 40 companies’ empowerment ratings. These ratings are calculated according to the Department of Trade and Industry’s (DTIs) Codes of Good Practice on B-BBEE, which take into account the seven pillars of transformation.

The index is rebalanced quarterly and all dividends are paid from companies in the index to investors, on a quarterly basis, net of costs. Investing in the NewSA Exchange Traded Fund (ETF) is not only socially responsible, it is an intelligent investment option as highly empowered companies tend to perform better, particularly at a time when the South African government is driving large-scale infrastructural development. It’s also ideal for institutional investors mandated to place funds in B-BBEE companies.

Sector allocation

Basic Materials (1.98%)
Cash/Other (1.75%)
Consumer Goods (9.25%)
Consumer Services (4.05%)
Financials (44.69%)
Health Care (10.46%)
Industrials (6.41%)
Oil & Gas (7.06%)
Telecommunications (14.35%)
Source: Absa CIB
For more info please click here

The NewSA fund minimises risk through the diversity of its 40 blue-chip shares, is liquid, has no restrictions on entry and exit, and is cost effective and transparent. This product is also designed to encourage listed companies to continue working towards upgrading their B-BBEE credentials.

Benefits of investing in NewSA securities

  • Companies are evaluated on their empowerment (B-BBEE) ratings 
  • These investments are socially responsible and transformational
  • Empowered companies are generally favoured for business relations, contracts and tenders
  • NewSA security can be easily bought and sold at any time that the JSE is open for trade
  • Investing and withdrawing funds is straightforward
  • Investment values can be determined at any time.

Previous day closing price

R48.2

Performance

 *n/a
One week
One month
One year
Since inception
* This product has not been in existence for a period greater than one year. Returns are cumulative for periods shorter than 1 year and annualised for periods longer.

Current bid and offer

Bid price

25.82

Ask price

60.00
15 minute delay

Historical performance graph

Annualised return  11.43%
Benchmark return  11.57%
Date Range
 NewSA ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 1 December 2008
Fiscal Year 31 December
Frequency of Dividend Payment Quarterly
Domicile South Africa
Currency ZAR
Manager NewFunds (Pty) Ltd
Trustees The Standard Bank of South Africa Limited
Stock Exchange JSE
JSE Code NEWFSA
Market Maker Absa

Asset information

Date (close) 23/03/2017
Number of listed securities on issue 37,087,177.81
Market Capitalisation* R 37,090,752.00
Nav per Security (Close) R 48.00
Cash Contribution per Basket R-2,123,788.56
Reference price** 48
Index Level (Close) 50119.16312

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.