ETFCentral
Satrix ILBI (STXILB)
Summary
Issuer
Satrix
Short Code
STXILB
Launch Date
24 February 2017
Index Tracked
S&P SA Sovereign Inflation-Linked Bond
Exposure
Local/Offshore
Local
Asset Class
Bonds
Cost
TER
0.26%
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 Satrix Inflation-linked Bond ETF tracks the performance of the S&P South Africa Sovereign Inflation-linked Bond 1+ Year Index. This index is a market-value weighted index of South African Rand-denominated inflation-linked securities, which are bonds of which the principal is indexed to the local inflation rate. As such, the security typically guarantees a return above inflation if held to maturity.