ETFCentral


1nvest

1nvest SWIX ETF


Summary

Issuer
1nvest
Short Code
STANSX
Launch Date
18 October 2010
Index Tracked
FTSE/JSE Africa SWIX 40 Index


Exposure

Local/Offshore
Local
Asset Class
Equity


Cost

TER
0.30%


Smart Beta

Smart Beta
Yes
Smart Beta Type
Alternative Weighting


Dividends

Distribution Dates
Mar, Jun, Sep, Dec
Last Dividend Payout
20 April 2020
Next Dividend Payout
TBC


Detailed Description

´╗┐The fund invests in the constituents of the SWIX40 Index and aims to replicate the Index by holding the same weightings of these constituents. The SWIX40 is an equity Index of the 40 largest companies by shareholder weighted net market capitalisation, listed on the JSE. Shareholder weighted indices reduce constituent weights by foreign shareholdings and therefore represent South African investors. The fund is rebalanced quarterly and therefore has minimal trading costs. The fund may also hold a small portion in cash instruments and listed derivatives to effect efficient portfolio management.