ETFCentral
NewFunds Value Equity ETF (NFEVAL)
Summary
Issuer
Absa Capital
Short Code
NFEVAL
Launch Date
26 March 2018
Index Tracked
Absa Wits Risk-Controlled SA Value Index
Exposure
Local/Offshore
Local
Asset Class
Equity
Cost
TER
0.50%
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 Value Equity ETF ("the Portfolio") is aimed at providing Investors with
diversified exposure to 30 highly liquid constituents securities in the South African
equity market that exhibit value characteristics (low price-to-earnings and price-to-book
ratios) in their performance by tracking the Absa Wits Risk-Controlled SA Value Index
("the Value Index"), where the constituent security’s weights in the Value Index are
determined by applying an equal risk contribution weighting scheme.
The Value 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.
The Value 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.