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  •  NewFunds Volatility Managed High Growth Equity ETF ()

18.53  /  1.86%

996.42

NAV on 2021/09/22
NAV on 2021/09/21 977.8878
52 week high on 2021/08/17 1033.986
52 week low on 2020/10/30 770.0164
Total Expense Ratio on 2020/12/31 0.53
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change -2.07% -2.07%
3 month change 9.5% 9.5%
6 month change 8.54% 8.54%
1 year change 21.49% 21.49%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 25.61 37.96%
Consumer Discretionary 12.95 19.19%
Energy 3.80 5.63%
Financials 4.77 7.06%
Liquid Assets 0.03 0.04%
Telecommunications 20.32 30.11%
  • Top five holdings
 VODACOM 8.37 12.4%
 MC GROUP 7.69 11.4%
 RICHEMONT 7.28 10.79%
 TFG 5.67 8.41%
 BHP 5.17 7.66%
  • Performance against peers
  • Fund data  
Management company:
NewFunds (Pty) Ltd.
Formation date:
2019/02/25
ISIN code:
ZAE000254876
Short name:
U-NFVMAHI
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
NewFunds/Absa Volatility Manager SA Growth Equity Index
Email
No email address listed.

Website
https://aiss.absa.africa/products/etf

Telephone
011-895--5517

  • Fund management  
NewFunds (Pty) Ltd.


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Portfolio will track and replicate the NewFunds/Absa Volatility Managed SA High Growth Equity Index, an index which allows an Investor to gain full market exposure to a universe of 15 liquid, JSE-listed equity securities selected on a 70/30 factor specification to momentum and low volatility characteristics demonstrated in their performance. The Portfolio will comprise of both equity securities and cash (assets in liquid form), the proportion of which will be determined by the risk management process (the concurrent target volatility control mechanism and drawdown management process). The target volatility control mechanism aims to increase the proportion allocated to equity securities during periods of low volatility; and in turn increases the proportion allocated to cash during periods of high volatility. Specifically, where volatility rises and exceed the target threshold of 20%, the proportion allocated to cash will be increased. Where such volatility decreases, the proportion allocated to equity securities will be increased. The drawdown management process aims to increase allocation to cash during periods where the drawdown of the equity basket approaches 30% i.e. where there is a 30% fall from the most recent price peak. In all instances the trade threshold is set at 10%.
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