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About the ETF: NewFunds Equity Momentum ETF [JSE:NFEMOM]

by , 09 September 2015

NewFunds Equity Momentum exchange traded fund (ETF) tracks the Barclays/Absa South Africa Equity Momentum Index. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: NewFunds Equity Momentum ETF
Short name:
NEWFEQMOM
Ticker: NFEMOM
Sector: JSE listed funds


Five top facts about NewFunds Equity Momentum ETF


Fact #1:
ETFs are passively managed funds. They track the performance of an underlying index. ETFs are listed on the stock market and trade just like shares.

Fact #2:
NewFunds Equity Momentum ETF listed on the Johannesburg Stock Exchange in January 2012. Absa Bank is behind the fund.

Fact #3:
NewFunds Equity Momentum ETF tracks the performance of the Barclays/Absa South Africa Equity Momentum Index. The fund aims to capture the returns from short-term momentum in South Africa’s largest stocks. It selects stocks according to its criteria on a quarterly basis.

Fact #4:
NewFunds Equity Momentum ETF invests in the 40 largest companies on the Johannesburg Stock Exchange. It holds higher weightings in the stocks with the highest momentum. The fund pays out a dividend to investors four times a year.

Fact #5:
NewFunds Equity Momentum ETF has holdings in companies such as PSG Group, Liberty Holdings and Mondi.


Chart of NewFunds Equity Momentum ETF’s share price


Chart of NewFunds Equity Momentum ETF's share price


Financial information


For more financial information about NewFunds Equity Momentum ETF, click here.

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About the ETF: NewFunds Equity Momentum ETF [JSE:NFEMOM]
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