ETF CentralETFCentral


Absa Capital

NewFunds Equity Momentum ETF (NFEMOM)



Summary

Issuer
Absa Capital
Short Code
NFEMOM
Launch Date
26 January 2012
Index Tracked
Composite Equity Momentum Index (Total Return)
Ticker Symbol
JSE:NFEMOM


Exposure

Local/Offshore
Local
Asset Class
Equity


Cost

TER
0.52%


Smart Beta

Smart Beta
Yes
Smart Beta Type
Alternative Index Construction


Dividends

Distribution Dates
Total Return - dividends are automatically reinvested
Last Dividend Payout
N/A
Next Dividend Payout
N/A


Detailed Description

The NewFunds Equity Momentum ETF ("the Portfolio") is aimed at providing Investors with diversified exposure to 20 constituents securities in the South African equity market that exhibit greatest price appreciation over the past 12 months (excluding the most recent month) in their performance by tracking the Absa Wits Risk-Controlled SA-Momentum Index ("the Momentum Index"), where the constituent security’s weights in the Momentum Index are determined by applying an equal risk contribution weighting scheme.

The Momentum Index was created by Absa Bank Limited (“Absa”) 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.