ETFCentral
Satrix Momentum ETF (STXMMT)
Summary
Issuer
Satrix
Short Code
STXMMT
Launch Date
17 November 2018
Index Tracked
Satrix Momentum Index
Ticker Symbol
JSE:STXMMT
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
20 October 2021
Next Dividend Payout
26 Januray 2022
Detailed Description
Satrix developed the proprietary Satrix Momentum Index which aims to capture the return of the equity market enhanced by the momentum risk premium i.e. a portfolio tilted toward shares that display positive momentum characteristics and away from shares showing negative momentum characteristics. Distributions are made quarterly.