ETF CentralETFCentral


Absa Capital

NewFunds Shariah Top 40 (NFSH40)



Summary

Issuer
Absa Capital
Short Code
NFSH40
Launch Date
6 April 2009
Index Tracked
FTSE/JSE Shariah Top 40
Ticker Symbol
JSE:NFSH40


Exposure

Local/Offshore
Local
Asset Class
Equity


Cost

TER
0.40%


Smart Beta

Smart Beta
Yes
Smart Beta Type
Alternative Index Construction


Dividends

Distribution Dates
Mar, Jun, Sep, Dec
Last Dividend Payout
26 October 2020
Next Dividend Payout
TBC


Detailed Description

The Shari’ah Top 40 Index ETF is an investment instrument created to comply with Islamic ethical investing, it gives investors diversified exposure to the broad market and allows investors to earn a market related performance while still complying with the Shari’ah principles of investing. The NewFunds Shari’ah Top 40 Index ETF tracks the price* performance of the FTSE/JSE Shari’ah Top 40 Index, an Index is designed to reflect the Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 Index by Yasaar Limited (Yasaar).

The Shari’ah Top 40 ETF is structured as a Financial Services Board (FSB)- approved Collective Investment Scheme Portfolio, issued under the NewFunds CIS umbrella. Listed on the JSE Limited, the Shari’ah Top 40 ETF provides investors with a daily disclosed, lowcost, and easy-to access investment product that conforms to Shari’ah principles.