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Volatility Managed Defensive Equity ETF  

NewFunds Volatility Managed Defensive Equity ETF” or the “Portfolio

The Portfolio allows an Investor to gain full market exposure to a universe of 30 liquid, JSE-listed equity securities selected based on 100% Low Volatility characteristics demonstrated in their performance. The Portfolio will track and replicate the NewFunds/Absa Volatility Managed SA Defensive Equity Index (“Index”), an Index created by Absa Bank Limited (“Absa”) in collaboration with NewFunds (“the Manager”). The Portfolio will comprise of both equity securities and cash (assets in liquid form), the proportion of which will be determined by the risk management process (the concurrent target volatility control mechanism and drawdown management process). The target volatility control mechanism aims to increase the proportion allocated to equity securities during periods of low volatility; and in turn increases the proportion allocated to cash during periods of high volatility. Specifically, where volatility rises and exceeds the target threshold of 8%, the allocation to cash will be increased. Where volatility decreases, the proportion allocated to equity securities will be increased. The drawdown management process aims to increase allocation to cash during periods where the drawdown of the equity basket approaches 15% i.e. where there is a 15% fall from the most recent price peak. In all instances the trade threshold is set at 10%.

JSE Code NFEDEF
ISIN ZAE000254868
Base Currency ZAR
Portfolio Listing Date 25 February 2019
Currency ZAR
Net Asset Value -
Securities Issued -
Dividend Frequency Mar, Jun, Sep & Dec
Fund Valuation 17h00
Rebalance Frequency At the end of Jan, Apr, Jul & Oct

Asset allocation

Basic Materials (27.66%)
Consumer Goods (25.23%)
Consumer Services (14.05%)
Financials (25.81%)
Industrials (4.5%)
Telecommunications (2.75%)
Source: Absa CIB
Fund data
Asset information
Document downloads

Fund data

Launch Date 25 February 2019
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 NFEDEF
Market Maker Absa Capital Securities

Asset information

Date (close) 18/01/2019

Document downloads

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