etfSA.co.za Monthly South African ETF, ETN & Index Tracking Product Performance Survey
The latest Performance Survey for the period ended 30 April 2012, has much the same ETF/ETN Funds continuing to show superior performance.
Some General Comments
NewGold ETF, which tracks the price of gold in rands, by physically holding gold bullion, continues to be the best performing ETF Fund over the 1 to 5 year time periods.
Satrix INDI 25 ETF remains the best equity based tracker fund. The FTSE/JSE Industrial 25 index is dominated by 5 large stocks (MTN, SAB, Naspers, Richemont and BATS), which provide significant rand hedge protection, without any exposure to resources and commodities.
Satrix FINI 15 ETF and NewFunds eRAFI FINI 15 ETF have performed well over the past 1 to 6 months, indicating the recent revival in the financial sector of the local economy.
ETFs/ETNs continue to outperform unit trusts, tracking the same indices, indicating the benefit of the lower cost structure of ETFs.
The full Performance Survey of 56 ETFs/ETNs and 14 Unit Trust Index Tracker Funds is attached.
|
Best Performing Index Tracker Funds – 30 April 2012 (Total Return %)* |
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|
Fund Name |
Type |
5 Years (per annum) |
|
Fund Name |
Type |
3 Years (per annum) |
|
NewGold |
ETF |
21,40% |
Satrix INDI 25 |
ETF |
29,40% |
|
|
Satrix INDI 25 |
ETF |
12,47% |
Satrix DIVI Plus |
ETF |
27,18% |
|
|
Prudential Property Enhanced |
11,59% |
Satrix RAFI 40 |
ETF |
24,28% |
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|
2 Years (per annum) |
|
|
|
1 Year |
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|
Satrix INDI 25 |
ETF |
23,04% |
NewGold |
ETF |
25,26% |
|
|
NewGold |
ETF |
20,47% |
Standard Bank Gold-Linker |
ETN |
24,43% |
|
|
NewFunds eRAFI INDI 25 |
ETF |
19,47% |
DBX Tracker MSCI USA |
ETF |
22,08% |
|
|
Satrix DIVI Plus |
ETF |
17,47% |
Satrix DIVI Plus |
ETF |
21,25% |
|
|
6 Months |
|
|
|
3 Months |
||
|
Satrix FINI 15 |
ETF |
17,93% |
Satrix INDI 25 |
ETF |
11,29% |
|
|
Satrix DIVI Plus |
ETF |
16,82% |
RMB Oil |
ETN |
9,99% |
|
|
RMB Oil |
ETN |
16,74% |
Standard Bank Oil-Linker |
ETN |
9,52% |
|
|
Source: Profile Media FundsData (30/04/2012) * Includes reinvestment of dividends. |
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The full etfSA Performance Survey is attached. 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 30 April 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 |
2,91% |
2,47% |
4,33% |
5,95% |
11,96% |
20,95% |
6,60% |
|
Nedbank BettaBeta Equally Weighted Top 40 |
2,52% |
5,48% |
7,64% |
11,04% |
14,41% |
- |
- |
|
NewFunds SWIX Top 40 |
1,69% |
2,50% |
- |
- |
- |
- |
- |
|
RMB Top 40 Portfolio |
2,89% |
2,42% |
4,22% |
5,73% |
11,69% |
20,62% |
- |
|
Satrix 40 Portfolio |
2,87% |
3,26% |
4,11% |
5,48% |
11,48% |
20,38% |
6,19% |
|
Satrix SWIX Top 40 Portfolio A |
2,70% |
5,19% |
7,12% |
8,72% |
13,20% |
21,14% |
6,46% |
|
Stanlib Top 40 |
1,71% |
5,43% |
4,94% |
5,84% |
- |
- |
- |
|
Stanlib Swix Top 40 |
1,43% |
7,41% |
7,89% |
9,16% |
- |
- |
- |
|
2. JSE Sector Exposure ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE Industrial 25 Index |
3,65% |
11,44% |
11,22% |
20,19% |
23,62% |
30,04% |
12,99% |
|
NewFunds eRAFI INDI 25 |
2,46% |
9,37% |
11,05% |
16,27% |
19,47% |
- |
- |
|
Satrix INDI 25 |
3,59% |
11,29% |
10,92% |
19,62% |
23,04% |
29,40% |
12,47% |
|
FTSE/JSE Financial 15 Index |
2,57% |
9,48% |
17,82% |
19,80% |
14,35% |
23,78% |
4,30% |
|
NewFunds eRAFI FINI 15 |
1,37% |
8,22% |
16,82% |
16,11% |
11,33% |
- |
- |
|
Satrix FINI 15 |
2,16% |
9,11% |
17,93% |
18,27% |
12,87% |
22,63% |
3,25% |
|
FTSE/JSE Resources 10 Index |
2,82% |
(8,17%) |
(6,45%) |
(9,63%) |
1,79% |
12,64% |
2,63% |
|
NewFunds eRAFI RESI 20 |
3,15% |
(4,61%) |
(3,03%) |
(7,75%) |
2,88% |
- |
- |
|
Satrix RESI 10 |
2,77% |
(8,22%) |
(6,53%) |
(9,95%) |
1,39% |
12,12% |
2,17% |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 30 April 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 |
1,83% |
2,11% |
4,76% |
12,70% |
11,03% |
10,46% |
8,81% |
|
NewFunds GOVI |
1,93% |
1,82% |
- |
- |
- |
- |
- |
|
NewFunds ILBI (Inflation-Linked) |
1,47% |
3,27% |
- |
- |
- |
- |
- |
|
RMB Inflation Linked (Inflation-X) |
1,45% |
3,22% |
8,81% |
14,80% |
12,56% |
- |
- |
|
zShares GOVI |
(1,96%) |
1,85% |
4,32% |
11,93% |
10,26% |
9,66% |
- |
|
4. Property ETFs |
|||||||
|
Proptrax SAPY |
0,95% |
4,24% |
10,71% |
15,90% |
15,89% |
18,03% |
- |
|
Proptrax TEN |
1,64% |
5,14% |
11,88% |
- |
- |
- |
- |
|
5. “Style” ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
2,83% |
3,60% |
6,25% |
8,15% |
12,87% |
21,78% |
7,08% |
|
NewFunds Equity Momentum Fund |
3,21% |
6,36% |
- |
- |
- |
- |
- |
|
NewFunds Shari’ah Top 40 |
1,64% |
(2,81%) |
(2,48%) |
(5,00%) |
6,06% |
13,43% |
- |
|
NewFunds NewSA |
6,59% |
8,58% |
6,53% |
7,80% |
11,70% |
20,08% |
- |
|
NewFunds NewRand |
0,45% |
(0,24%) |
(0,57%) |
2,21% |
7,62% |
18,09% |
5,46% |
|
NewFunds eRAFI Overall |
2,40% |
3,26% |
6,38% |
8,55% |
11,93% |
22,33% |
- |
|
NewFunds MAPPS – Protect |
1,88% |
4,01% |
7,13% |
- |
- |
- |
- |
|
NewFunds MAPPS – Growth |
2,39% |
5,06% |
7,20% |
- |
- |
- |
- |
|
Satrix DIVI Plus |
1,42% |
8,32% |
16,74% |
21,25% |
17,47% |
27,18% |
- |
|
Satrix RAFI Total Return |
2,35% |
3,06% |
8,22% |
9,45% |
13,73% |
24,28% |
- |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 30 April 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) |
(0,10%) |
4,32% |
8,49% |
10,07% |
6,26% |
10,33% |
(2,00%) |
|
DBX Tracker MSCI EuroStoxx 50 |
(5,94%) |
(4,01%) |
(11,14%) |
(16,76%) |
(4,65%) |
(1,32%) |
(8,80%) |
|
DBX Tracker MSCI FTSE 100 |
2,24% |
4,24% |
3,19% |
11,06% |
10,15% |
13,59% |
(1,92%) |
|
DBX Tracker MSCI USA |
0,19% |
5,18% |
9,81% |
22,08% |
12,25% |
14,18% |
- |
|
DBX Tracker MSCI Japan |
(3,03%) |
2,56% |
(0,76%) |
12,58% |
1,22% |
2,91% |
- |
|
DBX Tracker MSCI World |
(0,30%) |
3,40% |
4,32% |
11,32% |
8,00% |
10,96% |
- |
|
7. Money Market ETFs |
|
|
|
|
|
|
|
|
NewFunds TRACI |
0,43% |
0,06% |
- |
- |
- |
- |
- |
|
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* |
(0,80%) |
(4,72%) |
(8,66%) |
25,26% |
20,47% |
19,05% |
21,40% |
|
|
NewWave EURO |
(0,10%) |
- |
- |
- |
- |
- |
- |
|
|
NewWave Pound |
2,28% |
- |
- |
- |
- |
- |
- |
|
|
NewWave US Dollar |
0,91% |
- |
- |
- |
- |
- |
- |
|
|
NewWave Platinum |
(4,37%) |
- |
- |
- |
- |
- |
- |
|
|
NewWave Silver |
(6,72%) |
- |
- |
- |
- |
- |
- |
|
|
* |
Exchange Traded Fund (ETF). |
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|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 30 April 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 |
4,24% |
0,22% |
3,48% |
- |
- |
- |
- |
|
|
DB MSCI Emerging Markets Total Return |
(0,84%) |
(1,38%) |
1,22% |
- |
- |
- |
- |
|
|
DB Africa Top 50 Capped Total Return |
2,09% |
5,68% |
8,24% |
- |
- |
- |
- |
|
|
Rand Merchant Bank |
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|
RMB Oil |
3,19% |
9,99% |
8,73% |
4,56% |
- |
- |
- |
|
|
RMB Coal |
(5,30%) |
(6,53%) |
(16,37%) |
- |
- |
- |
- |
|
|
Standard Bank |
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|
Africa Equity Index Total Return |
(0,24%) |
2,11% |
(0,48%) |
- |
- |
- |
- |
|
|
Africa Commodity Basket Index |
0,18% |
2,02% |
0,91% |
- |
- |
- |
- |
|
|
Gold-Linker |
(0,58%) |
(5,04%) |
(8,96%) |
24,43% |
- |
- |
- |
|
|
Silver-Linker |
(6,47%) |
(8,80%) |
(14,24%) |
(26,71%) |
- |
- |
- |
|
|
Palladium-Linker |
2,29% |
(4,04%) |
(2,02%) |
(1,69%) |
- |
- |
- |
|
|
Platinum-Linker |
(4,53%) |
(3,12%) |
(6,95%) |
(2,20%) |
- |
- |
- |
|
|
Copper ETN |
(1,61%) |
(0,09%) |
1,57% |
- |
- |
- |
- |
|
|
Corn ETN |
(2,98%) |
(2,15%) |
(11,47%) |
- |
- |
- |
- |
|
|
Oil ETN |
3,27% |
9,52% |
11,57% |
- |
- |
- |
- |
|
|
Wheat ETN |
(4,08%) |
(9,38%) |
(9,75%) |
- |
- |
- |
- |
|
|
Source: |
Profile Media – FundsData (30/04/2012) |
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|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 30 April 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 |
2,91% |
2,47% |
5,95% |
20,95% |
6,60% |
|
|
Kagiso Top 40 Tracker Fund |
2,84% |
2,34% |
5,23% |
20,02% |
5,83% |
|
|
Old Mutual Top 40 Fund |
2,82% |
2,33% |
5,13% |
19,77% |
5,29% |
|
|
Stanlib ALSI 40 Fund |
2,55% |
2,34% |
5,36% |
20,23% |
6,23% |
|
|
SIM Index Fund |
2,81% |
2,18% |
4,66% |
19,43% |
5,31% |
|
|
Momentum Top 40 Index Fund |
2,40% |
2,24% |
5,25% |
19,61% |
5,35% |
|
|
SIM Equally Weighted Top 40 Index Fund |
1,98% |
5,42% |
9,68% |
- |
- |
|
|
2. All Other Index Tracking Products |
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
2,83% |
3,60% |
8,15% |
21,78% |
7,08% |
|
|
Sanlam All Share Index Fund |
2,83% |
3,47% |
7,85% |
21,24% |
- |
|
|
Gryphon All Share Tracker Fund |
3,34% |
5,08% |
8,62% |
21,47% |
6,73% |
|
|
Stanlib Index Fund |
2,65% |
3,60% |
7,48% |
20,75% |
6,79% |
|
|
SIM RAFI 40 Index Fund |
2,27% |
3,20% |
- |
- |
- |
|
|
Grindrod RAFI Enhanced SA Strategy Fund |
1,59% |
2,57% |
6,76% |
19,51% |
- |
|
|
Old Mutual RAFI 40 Tracker Fund |
2,32% |
3,17% |
6,85% |
21,60% |
- |
|
|
Prudential Enhanced SA Property Tracker Fund |
2,73% |
5,85% |
17,59% |
19,84% |
11,59% |
|
|
SIM Dividend Plus Index Fund |
1,39% |
8,23% |
- |
- |
- |
|
|
Source: |
Profile Media – FundsData (30/04/2012) |
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