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About the ETF: NewFunds SWIX 40 ETF [JSE:NFSWIX]

by , 16 September 2015

NewFunds SWIX 40 exchange traded fund (ETF) tracks the JSE Shareholder Weighted Top 40 Total Return Index. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: NewFunds SWIX 40 ETF
Short name:
NEWFNSWIX
Ticker: NFSWIX
Sector: JSE listed funds


Five top facts about NewFunds SWIX 40 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, trading just like shares.

Fact #2:
NewFunds SWIX 40 ETF listed on the Johannesburg Stock Exchange in January 2012. Absa Bank is behind the fund.

Fact #3:
NewFunds SWIX 40 ETF tracks the performance of the JSE Shareholder Weighted Top 40 Total Return Index. By using the share register, the fund aims to reduce the weights contributed by foreign shareholders. This reduces weightings in many resource and dual-listed stocks that make up the Top 40 Index.

Fact #4:
NewFunds SWIX 40 ETF’s heaviest sector holdings are in financials (25.8%), consumer services (21.38%) and consumer goods (16.39%). The fund pays a quarterly dividend.

Fact #5:
NewFunds SWIX 40 ETF includes holdings in Naspers, MTN, Sasol and British American Tobacco.


Chart of NewFunds SWIX 40 ETF’s share price


Chart of NewFunds SWIX 40 ETF's share price


Financial information


For more financial information about NewFunds SWIX 40 ETF, click here.

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About the ETF: NewFunds SWIX 40 ETF [JSE:NFSWIX]
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