etfSA.co.za Monthly South African ETF, ETN AND Index Tracking Product Performance Survey
Short-Term Performance (1 month to 1 year) Gold backed Exchange Traded Products, such as NewGold ETF and the Standard Bank Gold Linker ETN, hold the top places in the 1 year total return table, but more recent performance by gold and other commodities ha
The Satrix INDI 25 ETF and Satrix FINI 15 ETF have had very good recent performance, indicating that the JSE has focused attention on the industrial and financial sectors over the past year. The market leading performance by shares which pay above average dividends is captured in the Satrix DIVI Plus ETF. In the short term time frame, 1 to 3 months, Emerging Market and Africa Funds such as DBX Tracker Emerging Market ETN and Africa Top 50 ETN, together with the Standard Bank Africa Equity ETN have moved to the fore of the performance returns.
Medium to Long-Term Performance (2 to 5 years)
With the recovery on the JSE accelerating from early 2009, the 3 year performance of many local index funds has been particularly good over this period. The Satrix INDI 25 ETF, Satrix DIVI Plus ETF and Satrix RAFI 40 ETF have all returned in excess of 30% per annum over the last three years.
Both internationally and locally it appears that: stockmarket recovery begins with the large cap stocks, which are always covered by the main market indices; and the first 10% to 15% recovery on the market is often not recorded by active fund managers, who wait for confirmation of market recovery before committing themselves. It can take some time for the active manager to catch-up with the early mover market performance, which is automatically captured by index funds.
|
Best Performing Index Tracker Funds – 29 February 2012 (Total Return %)* |
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|
Fund Name |
Type |
5 Years (per annum) |
|
Fund Name |
Type |
3 Years (per annum) |
|
NewGold |
ETF |
21,52% |
Satrix DIVI Plus |
ETF |
32,32% |
|
|
Satrix INDI 25 |
ETF |
13,22% |
Satrix INDI 25 |
ETF |
31,80% |
|
|
Prudential Property Enhanced |
12,83% |
Satrix RAFI 40 |
ETF |
30,02% |
||
|
2 Years (per annum) |
|
|
|
1 Year |
||
|
NewGold |
ETF |
23,80% |
NewGold |
ETF |
33,73% |
|
|
Satrix INDI 25 |
ETF |
23,38% |
Standard Bank Gold-Linker |
ETN |
33,62% |
|
|
Satrix DIVI Plus |
ETF |
20,97% |
Satrix DIVI Plus |
ETF |
23,22% |
|
|
Satrix INDI 25 |
ETF |
20,52% |
||||
|
Satrix FINI 15 |
ETF |
20,37% |
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|
6 Months |
|
|
|
3 Months |
||
|
RMB Oil |
ETN |
30,45% |
DBX Emerging Markets |
ETN |
19,05% |
|
|
Standard Bank Oil-Linker |
ETN |
28,52% |
Satrix FINI 15 |
ETF |
17,91% |
|
|
Satrix DIVI |
ETF |
20,98% |
NewFunds eRAFI FINI |
ETF |
16,84% |
|
|
Proptrax SAPY |
ETF |
20,53% |
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|
1 Month |
|
|
|
|
||
|
Standard Bank Africa Equity |
ETN |
6,42% |
||||
|
DBX Africa |
ETN |
5,27% |
||||
|
Source: Profile Media FundsData (29/02/2012) * Includes reinvestment of dividends. |
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The etfSA Performance Survey measures the total return (Net Asset Value (NAV to NAV)) changes including reinvestment of dividends) for index tracking unit trusts and Exchange Traded Funds (ETFs) available to the retail public in South Africa. The performance tables (attached) measure the 1 month to 5 years total return compared with the benchmark index returns (including reinvestment of dividends). Note, as the FTSE/JSE calculates the index without taking into account any brokerage or other transaction costs, index tracking products will typically underperform the index because of their transaction and other running costs. .
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 29 February 2012 (Total Returns – dividends reinvested) |
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|
A) EXCHANGE TRADED FUNDS |
1 Month |
3 Months |
6 Months |
1 Year |
2 years p.a. |
3 years p.a. |
5 years p.a. |
|
1. TOP 40 ETF PRODUCTS |
|
|
|
|
|
|
|
|
FTSE/JSE Top 40 Index |
0,96% |
8,40% |
14,60% |
8,24% |
15,83% |
25,74% |
8,48% |
|
Nedbank BettaBeta Equally Weighted Top 40 |
3,40% |
11,57% |
15,77% |
14,30% |
- |
- |
- |
|
RMB Top 40 Portfolio |
0,94% |
8,33% |
14,44% |
8,02% |
15,40% |
25,37% |
- |
|
Satrix 40 Portfolio |
1,82% |
8,32% |
14,30% |
7,81% |
15,36% |
25,15% |
8,08% |
|
Satrix SWIX Top 40 Portfolio A |
2,43% |
9,28% |
14,51% |
11,74% |
16,14% |
25,61% |
8,21% |
|
Stanlib Top 40 |
3,64% |
8,57% |
14,78% |
8,53% |
- |
- |
- |
|
Stanlib Swix Top 40 |
4,49% |
9,58% |
15,14% |
12,64% |
- |
- |
- |
|
2. JSE Sector Exposure ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE Industrial 25 Index |
4,27% |
8,70% |
16,76% |
21,01% |
23,92% |
32,43% |
13,70% |
|
NewFunds eRAFI INDI 25 |
3,09% |
7,82% |
14,55% |
16,69% |
21,11% |
- |
- |
|
Satrix INDI 25 |
4,30% |
8,63% |
16,44% |
20,52% |
23,38% |
31,80% |
13,22% |
|
FTSE/JSE Financial 15 Index |
3,95% |
16,23% |
17,38% |
20,86% |
16,20% |
28,73% |
5,29% |
|
NewFunds eRAFI FINI 15 |
3,89% |
16,84% |
18,37% |
18,53% |
14,08% |
- |
- |
|
Satrix FINI 15 |
4,23% |
17,91% |
18,50% |
20,37% |
15,11% |
28,56% |
4,34% |
|
FTSE/JSE Resources 10 Index |
(3,68%) |
4,79% |
11,31% |
(5,99%) |
9,24% |
19,06% |
5,97% |
|
NewFunds eRAFI RESI 20 |
(2,10%) |
6,38% |
10,92% |
(5,67%) |
8,38% |
- |
- |
|
Satrix RESI 10 |
(3,71%) |
4,74% |
11,09% |
(6,35%) |
9,10% |
18,44% |
5,49% |
|
3. Bond (Fixed Interest) ETFs |
|
|
|
|
|
|
|
|
All Bond Total Return Index |
0,04% |
4,10% |
2,86% |
13,59% |
11,85% |
10,13% |
8,61% |
|
RMB Inflation Linked (Inflation-X) |
0,64% |
3,55% |
4,58% |
13,47% |
12,41% |
- |
- |
|
zShares GOVI |
(0,06%) |
3,63% |
2,62% |
12,77% |
11,10% |
9,29% |
- |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 29 February 2012 (Total Returns – dividends reinvested) |
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|
A) EXCHANGE TRADED FUNDS(continued) |
1 Month |
3 Months |
6 Months |
1 Year |
2 years p.a. |
3 years p.a. |
5 years p.a. |
|
|
4. Property ETFs |
||||||||
|
Proptrax SAPY |
1,48% |
9,68% |
9,07% |
20,53% |
18,51% |
20,06% |
- |
|
|
Proptrax TEN |
1,76% |
9,11% |
10,17% |
- |
- |
- |
- |
|
|
5. “Style” ETFs |
|
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
1,39% |
8,79% |
14,97% |
9,63% |
16,39% |
26,18% |
8,86% |
|
|
NewFunds Shari’ah Top 40 |
(1,23%) |
4,91% |
10,65% |
(1,05%) |
10,70% |
- |
- |
|
|
NewFunds NewSA |
1,85% |
3,81% |
9,60% |
6,15% |
12,90% |
23,14% |
- |
|
|
NewFunds NewRand |
1,49% |
5,90% |
11,58% |
6,53% |
13,62% |
16,04% |
7,79% |
|
|
NewFunds eRAFI Overall |
1,66% |
9,56% |
15,20% |
9,35% |
15,96% |
27,56% |
- |
|
|
NewFunds MAPPS – Protect |
1,18% |
5,08% |
7,40% |
- |
- |
- |
- |
|
|
NewFunds MAPPS – Growth |
1,81% |
6,79% |
10,90% |
- |
- |
- |
- |
|
|
Satrix DIVI Plus |
4,86% |
14,16% |
20,98% |
23,22% |
20,97% |
32,32% |
- |
|
|
Satrix RAFI Total Return |
1,30% |
12,10% |
16,78% |
11,32% |
17,94% |
30,02% |
- |
|
|
6. Foreign ETFs |
|
|
|
|
|
|
|
|
|
MSCI World Index (in Rands) |
(0,12%) |
2,80% |
17,19% |
3,77% |
6,52% |
8,25% |
(2,20%) |
|
|
DBX Tracker MSCI EuroStoxx 50 |
0,56% |
0,79% |
10,12% |
(11,03%) |
(3,91%) |
2,66% |
(5,94%) |
|
|
DBX Tracker MSCI FTSE 100 |
0,50% |
0,77% |
19,10% |
5,93% |
8,31% |
10,81% |
(1,34%) |
|
|
DBX Tracker MSCI USA |
(0,41%) |
2,15% |
20,14% |
11,38% |
10,45% |
11,97% |
- |
|
|
DBX Tracker MSCI Japan |
1,06% |
(0,98%) |
11,23% |
(4,53%) |
0,38% |
0,24% |
- |
|
|
DBX Tracker MSCI World |
0,00% |
1,63% |
16,24% |
4,59% |
6,91% |
9,78% |
- |
|
|
Source: |
Profile Media – FundsData (29/02/2012) |
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|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 29 February 2012 (Total Returns – dividends reinvested) |
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|
B) EXCHANGE TRADED NOTES |
1 Month |
3 Months |
6 Months |
1 Year |
2 years p.a. |
3 years p.a. |
5 years p.a. |
|
|
Deutsche Bank |
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|
DB MSCI China Total Return |
(1,00%) |
6,83% |
18,25% |
- |
- |
- |
- |
|
|
DB MSCI Emerging Markets Total Return |
1,00% |
19,05% |
18,69% |
- |
- |
- |
- |
|
|
DB Africa Top 50 Capped Total Return |
5,27% |
9,69% |
16,72% |
- |
- |
- |
- |
|
|
NewFunds |
||||||||
|
NewGold* |
(1,75%) |
(7,11%) |
6,03% |
33,73% |
23,80% |
10,63% |
21,52% |
|
|
Rand Merchant Bank |
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|
RMB Oil |
1,93% |
(3,14%) |
30,45% |
10,71% |
- |
- |
- |
|
|
RMB Coal |
(7,34%) |
(14,24%) |
(13,64%) |
- |
- |
- |
- |
|
|
Standard Bank |
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|
Africa Equity Index Total Return |
6,42% |
6,96% |
8,75% |
- |
- |
- |
- |
|
|
Africa Commodity Basket Index |
0,09% |
(1,58%) |
12,98% |
- |
- |
- |
- |
|
|
Gold-Linker |
(2,69%) |
(8,33%) |
3,67% |
33,62% |
- |
- |
- |
|
|
Silver-Linker |
5,90% |
2,75% |
(4,43%) |
17,57% |
- |
- |
- |
|
|
Palladium-Linker |
(2,15%) |
8,87% |
(0,26%) |
(4,47%) |
- |
- |
- |
|
|
Platinum-Linker |
1,18% |
(2,74%) |
(1,04%) |
0,98% |
- |
- |
- |
|
|
Copper ETN |
(3,07%) |
5,23% |
1,83% |
- |
- |
- |
- |
|
|
Corn ETN |
(3,24%) |
(4,93%) |
(12,72%) |
- |
- |
- |
- |
|
|
Oil ETN |
1,23% |
(1,94%) |
28,52% |
- |
- |
- |
- |
|
|
Wheat ETN |
(6,64%) |
(4,76%) |
(15,89%) |
- |
- |
- |
- |
|
|
* |
Exchange Traded Fund (ETF). |
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|
Source: |
Profile Media – FundsData (29/02/2012) |
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