NewFunds Volatility Managed Moderate Equity ETF  
South African--Multi Asset--Flexible
 
Focus and Objective
The Portfolio will track and replicate the NewFunds/Absa Volatility Managed SA Moderate Equity Index, an index which allows an Investor to gain full market exposure to a universe of 25 liquid, JSE-listed equity securities selected on a 50/50 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 15%, 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 25% i.e. where there is a 25% 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: NFEMOD
Benchmark: NewFunds/Absa Volatility Managed SA Moderate 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

Fees
TER: n/a
Annual: %
Performance: n/a
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
AB INBEV 3 440 4.97 9.52%
ANGGOLD 13 319 3.78 7.25%
GROWPNT 145 045 3.35 6.42%
RICHEMONT 26 296 2.94 5.63%
BIDCORP 8 082 2.60 4.99%
Totals   17.64 33.80%

 
Asset Allocation
 
Sectoral Breakdown
NewFunds Volatility Managed Moderate Equity ETF
Price
 
Performance to 12 Dec 2019
R1 000 Lumpsum (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 2.06% 1 020.60 1 003.50
6 Months 3.78% 1 037.80 1 013.30
 
R100 per Month (NAV-NAV Incl. Dividends)
Period Return Value(R) Inflation(R)
3 Months 2.60% 305.23 300.62
6 Months 5.77% 620.53 603.63
* Values for periods greater than one year are annualised
 
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