About the ETF: NewFunds NewSA Index ETF [JSE:GIVISA]

by , 18 November 2015

NewFunds NewSA ETF exchange traded fund (ETF) tracks the performance of the NewSA Index. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: NewFunds NewSA Index ETF
Short name: S&PGIVISA
Ticker: GIVISA
Sector: JSE listed funds
 

Five top facts about NewFunds NewSA Index ETF

 
Fact #1:
ETFs are passively managed funds that aim to track the performance of an underlying index. ETFs are listed on the stock market and trade like shares. 
 
Fact #2:
NewFunds NewSA Index ETF listed on the Johannesburg Stock Exchange in December 2008. Absa is behind the ETF.
 
Fact #3:
NewFunds NewSA Index ETF tracks the NewSA Index. The index contains the top 40 companies listed on the Johannesburg Stock Exchange weighted by their empowerment ratings.
 
Fact #4:
NewFunds NewSA Index ETF is for investors who want to invest in the largest companies listed in South Africa, but with a focus on empowerment rather than market capitalisation. The ETF pays a quarterly dividend.  
 
Fact #5:
NewFunds NewSA Index ETF’s holdings include BHP Billiton, MTN, Old Mutual and British American Tobacco.
 

NewFunds NewSA Index ETF’s share price 

 
Chart of NewFunds NewSA Index ETF's share price
 


Financial information

 
For more financial information about NewFunds NewSA Index ETF, click here.
 
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