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

by , 23 September 2015

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

Full name: NewFunds NewSA Index ETF
Short name:
NEWSA
Ticker: NEWFSA
Sector: JSE listed funds


Five top facts about NewFunds NewSA Index ETF


Fact #1:
ETFs are passively managed funds, which aim to track the performance of an underlying index. ETFs have listings on the stock market, trading just like shares.

Fact #2:
NewFunds NewSA Index ETF listed on the Johannesburg Stock Exchange in December 2008. Absa Bank is behind the fund.

Fact #3:
NewFunds NewSA Index ETF tracks the NewSA Index. The NewSA Index is a modified version of the Top 40 Index. It weights companies according to their empowerment ratings.

Fact #4:
NewFunds NewSA Index ETF is for investors who want exposure to empowered companies, which have a tendency to perform well. The fund pays out a quarterly dividend to investors.

Fact #5:
NewFunds NewSA Index ETF’s top share holdings include SABMiller, MTN and BHP Billiton.


Chart of 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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About the ETF: NewFunds NewSA Index ETF [JSE:NEWFSA]
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