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S&P GIVI SA Financial 15 Exchange Traded Fund  

The S&P GIVI (Global Intrinsic Value Index) South Africa Financial 15 ETF replicates the price performance of the S&P GIVI South Africa Financial 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 Financial 15 Index represents fifteen stocks from the S&P GIVI South Africa composite having a GICS sector classification of financials 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 financial stocks selected by intrinsic value
  • Low investment costs
  • Liquidity and transparency

Super Sector allocation

Cash (0.87%)
Financial Services (26.58%)
Industrial Goods & Services (13.07%)
Insurance (25.21%)
Real Estate (34.27%)
Source: Absa CIB

Previous day closing price



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


Ask price

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Historical performance graph

Annualised return  9.03%
Benchmark return  11.34%
Date Range
 S&P GIVI SA Financial 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
Bloomberg GIVFIN SJ Equity
Market Maker Absa

Asset information

Date (close) 21/09/2018
Number of listed securities on issue 49,225,957.34
Market Capitalisation* R 49,226,101.68
Nav per Security (Close) R 37.23
Cash Contribution per Basket R 35,985,479.25
Reference price** 37.23
Index Level (Close) 35036.1336719049

Document downloads

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.