ETN - Standard Bank Africa Equity Index
 
Focus and Objective
The AEI ETN tracks the SBAFRITR in an efficient and cost effective manner to provide investors access to the broader African market, which is generally unknown, expensive and hard to access. The SBAFRITR is dollar-based and currently represents exposure to 29 African countries.

In accordance with the Index Rules Document, the Index will rebalance twice a year to determine which shares qualify in terms of the rules requirements. This will then make up the composition of the Index for the next six-month period.

Stocks in the Index will be selected from the equities with their primary listing in relevant stock exchanges in Africa (Local Shares), excluding South Africa, Lesotho and Swaziland, and equities with their primary listing in major stock exchanges outside Africa (International Shares) which have exposure to Africa. The shares with primary listings in major stock exchanges outside Africa must adhere to stringent rules to ensure the bulk of the shares included have a minimum of 85% of the company's total revenue being generated in Africa.

The Standard Bank Africa Equity Index ETN (SBAEI) has the following allocation:
Sub-Saharan Africa 37%
North Africa 23%
African Stocks on
International Exchanges 40%

The portfolio consists of 179 companies from 29 different Africa countries. The sector allocation is as follows:





The Standard Bank Africa Equity ETN trades in rands on the JSE as an inward listed security. It provides a total return to investors.

 
Details
Formation Date: 16 May 2011
Sector: Exchange Traded Notes
JSE Code: SBAEI
ISIN: ZAE000156568
Currency:
Issuer: Standard Bank South Africa
Term (days):: 10 Years
Holdings: n/a
Unit Holders: n/a
Original Price: n/a
Pricing System: Forward
Minimum Lump Sum: R1 000
R300

Fees
TER: n/a
Annual: %
Performance: n/a
 
Asset Allocation
 
Sectoral Breakdown
 
Price
Performance to 13 Dec 2019
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 3.63% 1 036.30 1 003.50
6 Months 3.44% 1 034.40 1 013.30
1 Year 12.75% 1 127.50 1 037.30
3 Years 9.14% 1 299.90 1 143.70
5 Years 1.02% 1 051.90 1 280.10
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months -3.07% 293.90 300.62
6 Months -1.91% 593.35 603.63
1 Year 5.63% 1 237.22 1 222.97
3 Years 7.30% 4 035.28 3 837.73
5 Years 5.02% 6 831.88 6 753.49
* Values for periods greater than one year are annualised
 
Price
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