ETFCentral

Satrix

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

26 October 2020

Next Dividend Payout

TBC

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.