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Low Volatility Exchange Traded Fund  

Volatility can be described as a measure of the dispersion of stock price returns, around the average. Past theory suggested that more volatility resulted in higher reward and hence better returns (“the higher the risk, the higher the return”– sound familiar?). However, it was found that low-volatility stocks (stocks exhibiting a more stable experience through time) outperformed high-volatility stocks. This is widely described as the low-volatility anomaly. Beta is a measure comparing the movements of a stock’s price against the market as a whole. A low beta would indicate that a stock is less likely to respond to extreme market movements.

The NewFunds Low Volatility Equity ETF is aimed at providing an Investor with diversified exposure to 20 highly liquid constituent securities in the South African equity market that exhibit the lowest volatility as well as a low beta to the market in their performance by tracking the Absa Wits Risk-Controlled SA Low Volatility Index where the constituent security’s weights in the Low Volatility Index is determined by applying an equal risk contribution weighting scheme. The Low Volatility 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.

Performance graph data to follow.

JSE Code NFEVAL
ISIN ZAE000252466
Base Currency ZAR
Portfolio Listing Date 26 March 2018
Currency ZAR
Net Asset Value -
Securities Issued -
Dividend Frequency Mar, Jun, Sep & Dec
Fund Valuation 17h00
Rebalance Frequency Feb & Aug

Asset allocation

Consumer Discretionary (5.05%)
Consumer Staples (28.17%)
Financials (26.43%)
Health Care (3.99%)
Materials (10.28%)
Real Estate (20.66%)
Source: Absa CIB

Previous day closing price

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.
15 minute delay
Error populating the performance return information

Historical performance graph

Annualised return  19.46%
Benchmark return  7.75%
Date Range
 Low Volatility ETF

Source: Absa CIB. * The index started on 31 December 2012. Index returns and risk statistics is the result of backtested simulated performance.

Fund data
Asset information
Document downloads

Fund data

Launch Date 26 March 2018
Fiscal Year 31 December
Domicile South Africa
Currency ZAR
Manager NewFunds (RF)(Pty) Ltd
Trustees Standard Bank (SA) Ltd
Issuer NewFunds Collective Investment Scheme
Stock Exchange JSE Limited
JSE Code NFEVOL
Market Maker Absa

Asset information

Date (close) 02/03/2018

Document downloads

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