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Satrix

Satrix RAFI (STXRAF)



Summary

Issuer
Satrix
Short Code
STXRAF
Launch Date
16 October 2008
Index Tracked
FTSE/JSE RAFI 40
Ticker Symbol
JSE:STXRAF


Exposure

Local/Offshore
Local
Asset Class
Equity


Cost

TER
0.47%


Smart Beta

Smart Beta
Yes
Smart Beta Type
Alternative Index Construction


Dividends

Distribution Dates
Total Return - dividends are automatically reinvested
Last Dividend Payout
N/A
Next Dividend Payout
N/A


Detailed Description

This ETF tracks the FTSE/JSE Rafi 40 index which is designed to include those companies best ranked on fundamental factors. It uses four fundamental measures when ranking a company: sales, cash flow, book value and dividends. This results in a fund which tends to have a "value strategy" as it identifies shares which offer value. RAFI stands for “Research Affiliates Fundamental Indexation”. Research Affiliates is a California-based financial services company that has registered the patent for fundamental indexation globally.