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S&P GIVI SA Top 50 Exchange Traded Fund  

The S&P GIVI (Global Intrinsic Value Index) South Africa Top 50 ETF replicates the price performance of the S&P GIVI South Africa Top 50 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 Top 50 Index represents fifty stocks with the highest intrinsic value selected from the S&P GIVI South Africa composite 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 10%

Benefits for investors

  • Diversified exposure to fifty largest stocks selected by intrinsic value
  • Low investment costs
  • Liquidity and transparency

Sector allocation

Basic Materials (22.22%)
Cash/Other (0.57%)
Consumer Goods (27.73%)
Consumer Services (15.53%)
Financials (20.84%)
Health Care (5.81%)
Industrials (4.3%)
Technology (0.35%)
Telecommunications (2.65%)
Source: Absa CIB

Previous day closing price

R47.1

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

40.70

Ask price

51.01
15 minute delay

Historical performance graph

Annualised return  7.61%
Benchmark return  7.44%
Date Range
 S&P GIVI SA Top 50 ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 23 June 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 GIVISA
Bloomberg GIVISA SJ Equity
Market Maker Absa

Asset information

Date (close) 16/11/2017
Number of listed securities on issue 97,007,926.63
Market Capitalisation* R 96,896,710.50
Nav per Security (Close) R 47.15
Cash Contribution per Basket R 1,074,849.72
Reference price** 47.1
Index Level (Close) 46079.2107260333

Document downloads

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