ETFCentral


Absa Capital

NewFunds Low Volatility ETF


Summary

Issuer
Absa Capital
Short Code
NFEVOL
Launch Date
26 March 2018
Index Tracked
Absa Wits Risk-Controlled SA Low Volatility 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 Low Volatility Equity ETF ("the Portfolio") 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 ("the 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 (“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.