ETFCentral


Absa Capital

NewFunds GOVI ETF


Summary

Issuer
Absa Capital
Short Code
NFGOVI
Launch Date
26 January 2012
Index Tracked
SA Government Bond Index (Total Return)


Exposure

Local/Offshore
Local
Asset Class
Bonds


Cost

TER
0.34%


Smart Beta

Smart Beta
No
Smart Beta Type
N/A


Dividends

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


Detailed Description

´╗┐The GOVI ETF tracks the total return version of GOVI Index, an index consisting of bonds issued by the South African Government which includes only those issues in which the Department of Finance obliges the primary dealers to make a market and constituting the GOVI. The GOVI is calculated daily by the JSE.

The GOVI ETF is suitable for investors seeking low-cost convenient alternatives to traditional non-listed products. The GOVI ETF can act as a building block for investors to use when constructing their own portfolios.