etfSA.co.za Monthly South African ETF, ETN and Index Tracking Product Performance Survey
The latest Monthly Performance Survey showed property companies dominating the 2-5 years total return rankings. Proptrax SAPY ETF, which tracks the top 20 property companies on the JSE (market cap weighting) and Proptrax TEN ETF, which tracks the top ten
Also showing up well is the DBX Tracker MSCI USA ETF, which tracks the MSCI 600 index of USA equities, and is amongst the top performer over the 1 year and 2 year period. Other foreign indices, traded on the JSE through ETFs and ETNS, also showed superior performance, indicating that offshore equity investment is now worth considering.
In the short term - 3 to 6 months - “soft” commodity ETNs, such as the Corn and Wheat linker ETNs issued by Standard Bank have produced significant returns, reflecting the present food shortage and weather concerns that have propelled many agricultural commodity prices upwards.
|
Best Performing Index Tracker Funds – 31 August 2012 (Total Return %)* |
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|
Fund Name |
Type |
5 Years (per annum) |
|
Fund Name |
Type |
3 Years (per annum) |
|
NewGold |
ETF |
23,40% |
Proptrax SAPY |
ETF |
27,23% |
|
|
Prudential Property Enhanced |
17,25% |
Prudential Property Enhanced Index Fund |
Unit Trust |
26,08% |
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|
Satrix INDI 25 |
ETF |
14,45% |
Satrix INDI 25 |
ETF |
24,96% |
|
|
2 Years (per annum) |
|
|
|
1 Year |
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|
Standard Bank Silver-Linker |
ETN |
33,66% |
Proptrax TEN |
ETF |
40,55% |
|
|
Satrix INDI 25 |
ETF |
28,93% |
DBX Tracker MSCI USA |
ETF |
39,63% |
|
|
DBX Tracker MSCI USA |
ETF |
24,91% |
Proptrax SAPY |
ETF |
38,15% |
|
|
Proptrax SAPY |
ETF |
24,72% |
Prudential Property Enhanced Index Fund |
Unit Trust |
36,39% |
|
|
NewGold |
ETF |
23,98% |
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|
6 Months |
|
|
|
3 Months |
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|
Standard Bank Corn-Linker |
ETN |
50,00% |
Standard Bank Corn-Linker |
ETN |
53,31% |
|
|
Standard Bank Wheat-Linker |
ETN |
41,22% |
Standard Bank Wheat-Linker |
ETN |
28,38% |
|
|
Proptrax SAPY |
ETF |
27,15% |
Proptrax SAPY |
ETF |
28,28% |
|
|
Source: Profile Media FundsData (31/08/2012) * 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 31 August 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 |
3,10% |
7,40% |
3,91% |
16,35% |
17,01% |
14,56% |
6,53% |
|
Nedbank BettaBeta Equally Weighted Top 40 |
2,59% |
8,29% |
5,97% |
19,96% |
18,52% |
- |
- |
|
NewFunds SWIX Top 40 (Total Return) |
3,06% |
9,34% |
7,62% |
- |
- |
- |
- |
|
RMB Top 40 Portfolio |
3,09% |
7,33% |
3,80% |
16,09% |
16,72% |
14,28% |
- |
|
Satrix 40 Portfolio |
3,07% |
7,24% |
3,64% |
15,77% |
16,48% |
14,06% |
6,14% |
|
Satrix SWIX Top 40 Portfolio A |
3,08% |
8,04% |
6,32% |
18,69% |
18,24% |
15,19% |
7,37% |
|
Stanlib Top 40 |
2,70% |
6,56% |
3,27% |
15,91% |
- |
- |
- |
|
Stanlib Swix Top 40 |
2,72% |
7,41% |
5,88% |
19,00% |
- |
- |
- |
|
2. JSE Sector Exposure ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE Industrial 25 Index |
6,11% |
14,63% |
19,07% |
34,97% |
29,56% |
25,56% |
14,98% |
|
NewFunds eRAFI INDI 25 |
3,31% |
8,56% |
10,39% |
25,65% |
21,32% |
19,59% |
- |
|
Satrix INDI 25 |
6,05% |
14,48% |
18,70% |
34,24% |
28,93% |
24,96% |
14,45% |
|
FTSE/JSE Financial 15 Index |
2,39% |
9,42% |
13,50% |
32,28% |
20,45% |
18,57% |
7,52% |
|
NewFunds eRAFI FINI 15 |
2,97% |
11,54% |
13,84% |
36,19,% |
19,51% |
16,52% |
- |
|
Satrix FINI 15 |
2,10% |
7,75% |
10,74% |
30,56% |
18,64% |
16,49% |
6,13% |
|
FTSE/JSE Resources 10 Index |
(0,50%) |
(1,19%) |
(13,75%) |
(6,50%) |
3,31% |
3.44% |
(0,72%) |
|
NewFunds eRAFI RESI 20 |
(0,57%) |
0,59% |
(10,26%) |
(0,70%) |
5,00% |
4,92% |
- |
|
Satrix RESI 10 |
(0,52%) |
(1,35%) |
(13,91%) |
(6,86%) |
2,88% |
2,99% |
(1,07%) |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 August 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. |
|
3. Bond (Fixed Interest) ETFs |
|
|
|
|
|
|
|
|
All Bond Total Return Index |
0,07% |
7,51% |
9,57% |
13,52% |
11,24% |
12,35% |
10,88% |
|
NewFunds GOVI (Total Return) |
0,10% |
7,13% |
9,11% |
- |
- |
- |
- |
|
NewFunds ILBI (Inflation-Linked) (Total Return) |
0,75% |
6,63% |
8,31% |
- |
- |
- |
- |
|
zShares GOVI |
0,06% |
7,05% |
8,86% |
12,52% |
10,44% |
11,41% |
- |
|
RMB Inflation Linked (Inflation-X) |
0,77% |
6,43% |
8,19% |
13,03% |
11,42% |
11,00% |
- |
|
4. Property ETFs |
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|
Proptrax SAPY |
4,82% |
28,28% |
27,15% |
38,15% |
24,91% |
27,23% |
- |
|
Proptrax TEN |
4,40% |
21,08% |
25,34% |
40,55% |
- |
- |
- |
|
5. “Style” ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
2,74% |
7,48% |
5,05% |
18,00% |
17,44% |
15,48% |
7,33% |
|
Nedbank BGreen |
1,31% |
4,71% |
2,99% |
- |
- |
- |
- |
|
NewFunds Equity Momentum Fund (Total Return) |
2,13% |
13,87% |
14,37% |
- |
- |
- |
- |
|
NewFunds Shari’ah Top 40 |
2,38% |
4,15% |
(5,30%) |
4,43% |
8,75% |
6,82% |
- |
|
NewFunds NewSA |
3,37% |
9,03% |
11,48% |
22,10% |
17.82% |
15,03% |
- |
|
NewFunds NewRand |
1,26% |
3,62% |
2,47% |
14,34% |
13,11% |
11,66% |
7,15% |
|
NewFunds eRAFI Overall |
2,44% |
5,55% |
1,61% |
16,54% |
14,46% |
13,53% |
- |
|
NewFunds MAPPS – Protect |
1,49% |
7,45% |
8,41% |
16,27% |
- |
- |
- |
|
NewFunds MAPPS – Growth |
2,45% |
8,52% |
8,43% |
20,14% |
- |
- |
- |
|
Satrix DIVI Plus |
0,56% |
3,79% |
1,88% |
20,36% |
16,77% |
17,27% |
12,49% |
|
Satrix RAFI Total Return |
2,40% |
5,52% |
1,86% |
16,46% |
16,89% |
15,33% |
- |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 August 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. |
|
6. Foreign ETFs |
|
|
|
|
|
|
|
|
MSCI World Index (in Rands) |
5,07% |
6,93% |
10,61% |
27,47% |
16,34% |
8,20% |
(0,49%) |
|
DBX Tracker MSCI EuroStoxx 50 |
10,15% |
15,83% |
6,06% |
15,28% |
5,49% |
(3,47%) |
(6,93%) |
|
DBX Tracker MSCI FTSE 100 |
6,05% |
9,86% |
11,40% |
27,88% |
16,63% |
9,70% |
(0,77%) |
|
DBX Tracker MSCI USA |
4,82% |
5,77% |
16,65% |
39,63% |
24,72% |
15,06% |
- |
|
DBX Tracker MSCI Japan |
1,48% |
0,54% |
1,39% |
11,73% |
5,69% |
(0,40%) |
- |
|
DBX Tracker MSCI World |
5,07% |
7,27% |
12,48% |
29,05% |
17,85% |
9,84% |
- |
|
7. Money Market ETFs |
|
|
|
|
|
|
|
|
Grindrod PrefEx |
1,28% |
(2,01%) |
- |
- |
- |
- |
- |
|
NewFunds TRACI (Total Return) |
0,42% |
1,39% |
4,35% |
- |
- |
- |
- |
|
B) EXCHANGE TRADED NOTES |
1 Month |
3 Months |
6 Months |
1 Year |
2 years p.a. |
3 years p.a. |
5 years p.a. |
|
|
Absa Capital |
||||||||
|
NewGold* |
5,31% |
5,07% |
6,63% |
10,40% |
23,98% |
23,29% |
23,40% |
|
|
NewWave EURO |
0,00% |
9,63% |
- |
- |
- |
- |
- |
|
|
NewWave Pound |
0,14% |
7,69% |
- |
- |
- |
- |
- |
|
|
NewWave US Dollar |
17,10% |
0,00% |
- |
- |
- |
- |
- |
|
|
NewWave Platinum |
3,87% |
6,66% |
- |
- |
- |
- |
- |
|
|
NewWave Silver |
14,12% |
22,78% |
- |
- |
- |
- |
- |
|
|
* |
Exchange Traded Fund (ETF). |
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|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 August 2012 (Total Returns – dividends reinvested) |
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|
B) EXCHANGE TRADED NOTES (continued) |
1 Month |
3 Months |
6 Months |
1 Year |
2 years p.a. |
3 years p.a. |
5 years p.a. |
|
|
Deutsche Bank |
||||||||
|
DB MSCI China Total Return |
0,19% |
(0,30%) |
(1,42%) |
9,87% |
- |
- |
- |
|
|
DB MSCI Emerging Markets Total Return |
2,41% |
4,73% |
0,51% |
12,59% |
- |
- |
- |
|
|
DB Africa Top 50 Capped Total Return |
5,21% |
8,75% |
12,50% |
27,39% |
- |
- |
- |
|
|
Rand Merchant Bank |
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|
RMB Oil |
11,57% |
8,99% |
(2,68%) |
24,66% |
- |
- |
- |
|
|
RMB Coal |
1,66% |
(6,67%) |
(8,01%) |
(20,57%) |
- |
- |
- |
|
|
Standard Bank |
||||||||
|
Africa Equity Index Total Return |
9,18% |
8,00% |
6,98% |
16,20% |
- |
- |
- |
|
|
Africa Commodity Basket Index |
6,72% |
8,20% |
4,63% |
16,80% |
- |
- |
- |
|
|
Gold-Linker |
5,20% |
4,64% |
5,59% |
7,68% |
22,26% |
- |
- |
|
|
Silver-Linker |
12,69% |
9,40% |
(7,06%) |
(12,65%) |
33,66% |
- |
- |
|
|
Palladium-Linker |
7,41% |
0,50% |
(3,91%) |
(7,09%) |
17,19% |
- |
- |
|
|
Platinum-Linker |
9,49% |
6,52% |
(0,99%) |
(2,88%) |
5,32% |
- |
- |
|
|
Copper ETN |
2,24% |
0,18% |
(2,40%) |
(2,56%) |
- |
- |
- |
|
|
Corn ETN |
0,22% |
53,31% |
50,00% |
30,67% |
- |
- |
- |
|
|
Oil ETN |
9,67% |
8,23% |
(0,19%) |
26,31% |
- |
- |
- |
|
|
Wheat ETN |
(0,47%) |
28,38% |
41,22% |
23,88% |
- |
- |
- |
|
|
Source: |
Profile Media – FundsData (31/08/2012) |
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|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 August 2012 (Total Returns – dividends reinvested) |
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|
C) INDEX TRACKING UNIT TRUSTS |
1 Month |
3 Months |
1 Year |
3 years p.a. |
5 years p.a. |
|
|
1. TOP 40 PRODUCTS |
|
|
|
|
|
|
|
FTSE/JSE Top 40 Index |
3,10% |
7,40% |
16,35% |
14,56% |
6,53% |
|
|
Kagiso Top 40 Tracker Fund |
3,09% |
7,26% |
15,54% |
13,72% |
5,78% |
|
|
Old Mutual Top 40 Fund |
2,64% |
6,91% |
15,12% |
13,44% |
5,27% |
|
|
Stanlib ALSI 40 Fund |
2,70% |
6,49% |
15,37% |
13,79% |
6,14% |
|
|
SIM Index Fund |
3,00% |
7,07% |
14,94% |
13,15% |
5,25% |
|
|
Momentum Top 40 Index Fund |
2,39% |
6,80% |
15,57% |
13,42% |
5,35% |
|
|
SIM Equally Weighted Top 40 Index Fund |
1,92% |
6,59% |
18,02% |
- |
- |
|
|
2. All Other Index Tracking Products |
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
2,74% |
7,48% |
18,00% |
15,48% |
7,33% |
|
|
Sanlam All Share Index Fund |
2,74% |
7,50% |
17,75% |
15,00% |
- |
|
|
Gryphon All Share Tracker Fund |
3,57% |
8,02% |
19,04% |
15,31% |
6,89% |
|
|
Stanlib Index Fund |
2,51% |
7,02% |
17,72% |
14,47% |
7,04% |
|
|
SIM RAFI 40 Index Fund |
2,60% |
5,65% |
14,94% |
- |
- |
|
|
Grindrod RAFI Enhanced SA Strategy Fund |
1,78% |
4,27% |
11,72% |
11,39% |
5,36% |
|
|
Old Mutual RAFI 40 Tracker Fund |
2,36% |
5,41% |
14,84% |
13,31% |
- |
|
|
Prudential Enhanced SA Property Tracker Fund |
5,51% |
21,36% |
36,39% |
26,08% |
17,25% |
|
|
SIM Dividend Plus Index Fund |
0,48% |
3,63% |
19,61% |
- |
- |
|
|
Source: |
Profile Media – FundsData (31/08/2012) |
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