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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
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.