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About the ETF: NewFunds GOVI ETF [JSE:NFGOVI]

by , 10 September 2015

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

Full name: NewFunds GOVI ETF
Short name: NEWFNGOVI
Ticker: NFGOVI
Sector: JSE listed funds


Five top facts about NewFunds GOVI ETF


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

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

Fact #3:
NewFunds GOVI ETF tracks the performance of the GOVI Index. The fund aims to capture the returns of South African government bonds.

Fact #4:
NewFunds GOVI ETF invests in South African government bonds of different maturities and has a small cash holding. The fund enables investors to invest in low-risk government bonds. The fund pays out a monthly dividend to investors.

Fact #5:
NewFunds GOVI ETF’s holdings in bonds heaviest weighting is those with a maturity of more than 12 years.


Chart of NewFunds GOVI ETF’s share price


Chart of NewFunds GOVI ETF's share price


Financial information


For more financial information about NewFunds GOVI ETF, click here.

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About the ETF: NewFunds GOVI ETF [JSE:NFGOVI]
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