NewFunds Volatility Managed High Growth Equity ETF  
South African--Multi Asset--Flexible
 
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%.

Management
NewFunds (Pty) Ltd.
 
Comparative Performance
 
 
Technical Overview
Formation Date: 25 Feb 2019
JSE Code: NFEHGE
Benchmark: NewFunds/Absa Volatility Manager SA Growth Equity Index
Holdings: n/a
Unit Holders: n/a
Original Price: n/a
Pricing System: Forward
Minimum Lump Sum: n/a
Minimum Monthly: n/a
Risk Rating: Medium High

Fees
TER (30 Jun 2020): 0.51%
Perf Fee TER (30 Jun 2020): 0%
Annual: 0.50%
Performance: n/a
 
Top Holdings on 30 Sep 2020
Share No Units Value (Rm) % of Fund
U-TRACI3M 446 566 12.25 20.14%
SPAR 33 344 6.32 10.39%
BATS 9 539 5.64 9.28%
VODACOM 41 533 5.12 8.42%
RICHEMONT 39 169 4.40 7.23%
Totals   33.74 55.46%

 
Asset Allocation
 
Sectoral Breakdown
NewFunds Volatility Managed High Growth Equity ETF
Price
 
Performance to 16 Oct 2020
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 0.05% 1 000.50 1 018.30
6 Months 2.33% 1 023.30 1 010.40
1 Year -20.32% 796.80 1 032.60
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 0.95% 301.90 302.36
6 Months 1.56% 605.48 607.59
1 Year -16.55% 1 097.66 1 223.91
* Values for periods greater than one year are annualised
 
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