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S&P GIVI SA Resource 15 Exchange Traded Fund  

The S&P GIVI (Global Intrinsic Value Index) South Africa Resource 15 ETF replicates the price performance of the S&P GIVI South Africa Resource 15 Index, an Index designed to reflect an alternative beta strategy for the South African market. The S&P GIVI indices are a systematic, rules-driven family of indices that combine two factors: low volatility and intrinsic value.

The S&P GIVI South Africa Resource 15 Index represents fifteen stocks from the S&P GIVI South Africa composite having a GICS sector classification of energy or materials with the highest intrinsic value subject to the following constraints:

  • Stocks must have a minimum total market capitalization of R 10 billion
  • Stocks must have a minimum average daily traded value of R 15 million
  • Preferred stocks are excluded from the index
  • The maximum weight of each stock in the index is capped at 30%

Benefits for investors

  • Diversified exposure to fifteen largest energy or materials stocks selected by intrinsic value
  • Low investment costs
  • Liquidity and transparency

Sector allocation

Basic Resources (90.4%)
Cash (0.49%)
Chemicals (7.5%)
Construction & Materials (1.61%)
Source: Absa CIB

Previous day closing price

R41.66

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

26.83

Ask price

26.92
15 minute delay

Historical performance graph

Annualised return  7.63%
Benchmark return  -2.4%
Date Range
 S&P GIVI SA Resource 15 ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 15 June 2009
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 GIVRES
Bloomberg GIVRES SJ Equity
Market Maker Absa

Asset information

Date (close) 20/02/2017
Number of listed securities on issue 17,113,328.83
Market Capitalisation* R 17,132,733.36
Nav per Security (Close) R 41.14
Cash Contribution per Basket R 1,404,693.28
Reference price** 41.19
Index Level (Close) 39738.6549400754

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.