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 (31 Dec 2019): 0.53% Perf Fee TER (31 Dec 2019): 0% Annual: 0.58% Performance: n/a   Top Holdings on 31 Dec 2019 Share No Units Value (Rm) % of Fund AB INBEV 3 066 3.54 6.37% GROWPNT 151 996 3.36 6.04% RICHEMONT 28 946 3.17 5.70% BHP 9 596 3.16 5.69% IMPLATS 21 326 3.06 5.50% Totals   16.30 29.30%   Asset Allocation   Sectoral Breakdown NewFunds Volatility Managed Moderate Equity ETF Price   Performance to 26 Mar 2020 R1 000 Lumpsum (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months -15.54% 844.60 1 016.70 6 Months -11.94% 880.60 1 020.20 1 Year -5.78% 942.20 1 049.80   R100 per Month (NAV-NAV Incl. Dividends) Period Return Value(R) Inflation(R) 3 Months -17.13% 267.02 304.29 6 Months -21.62% 528.72 609.91 1 Year -20.14% 1 076.80 1 230.38 * Values for periods greater than one year are annualised   Back to Top ProfileData has taken care in preparing this information but does not accept any liability for errors or out-of-date information. [  © Copyright Reserved 2020  ]