ETFCentral


Absa Capital

NewFunds TRACI 3 Month ETF (NFTRCI)



Summary

Issuer
Absa Capital
Short Code
NFTRCI
Launch Date
26 January 2012
Index Tracked
Composite TRACI 3 Month Tradable Money Market (Total Return)


Exposure

Local/Offshore
Local
Asset Class
Cash


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

´╗┐NewFunds TRACI 3 Month ETF tracks the total return version of the Barclays Capital/Absa Capital ZAR Tradable Cash Index 3 Month (TRACI-3M), an index consisting of 3 - month South African money market deposit rates (NCDs) of which the present mark-to-market value of these instruments constitute the Index level.

TRACI 3 Month ETF is suitable for investors seeking low-cost convenient alternatives to traditional non-listed products.TRACI 3 Month ETF can act as a building block for investors to use when constructing their own portfolios.