etfSA monthly South African ETF / index tracking unit trust performance survey
A number of changes have been introduced in this month’s Performance Survey of the retail index tracking industry in South Africa. These include:
· All Exchange Traded Funds (ETFs) registered under the Collective Investment Schemes Act are now shown in Section A of the Performance Survey.
· Exchange Traded Notes (ETNs) listed on the JSE, which are rapidly growing in numbers are now added to the Survey for the first time in Section B.
· NewGold (GLD), which has a relatively long history (having been listed in 2003) is included in the ETN section, because of its commodity tracking status for comparison purposes, even though it is classified as an ETF.
· Index Tracking Unit Trusts performance data is shown in Category C.
· Performance data for ETFs and ETNs is now also shown at 6 months and 2 year intervals to measure trends more accurately. Such data is currently not available for the Unit Trusts, included in the Survey.
The underlying Table highlights the top performing funds over differing periods. The addition of NewGold, which tracks the price of physical gold bullion (in rands), to the Survey, highlights the excellent performance of gold bullion over the past 5 years. Only NewGold and the Property Funds included in the Survey have shown positive returns for all the periods measured.
Over shorter time periods, 1 month to 6 months, the ETNs, tracking commodity markets came to the fore in the Performance Survey. Given the relatively poor performance of local mining shares over this period, it is likely that informed investors will increasingly turn to Exchange Traded Notes, tracking commodity prices, in order to gain exposure to this important asset class in future.
|
Best Performing Index Tracker Funds – July 2011 (Total Return %)* |
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|
Fund Name |
Type |
5 Years (per annum) |
|
Prudential Property Enhanced |
Unit Trust |
19,70% |
|
NewGold |
ETF |
19,61% |
|
Satrix INDI 25 |
ETF |
15,65% |
|
3 Years (per annum) |
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|
Prudential Property Enhanced |
Unit Trust |
22,20% |
|
NewGold |
ETF |
16,75% |
|
Satrix INDI 25 |
ETF |
16,20% |
|
2 Years (per annum) |
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|
NewGold |
EFT |
47,70% |
|
NewFund eRafi INDI 25 |
ETF |
47,62% |
|
Satrix INDI 25 |
ETF |
46,77% |
|
1 Year |
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|
NewGold |
ETF |
27,50% |
|
Satrix INDI 25 |
ETF |
20,64% |
|
6 Months |
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|
Standard Bank Silver-Linker |
ETN |
39,26% |
|
Standard Bank Gold-Linker |
ETN |
16,97% |
|
NewGold |
ETF |
16,40% |
|
3 Months |
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|
NewGold |
ETF |
8,09% |
|
Standard Bank Gold-Linker |
ETN |
7,43% |
|
1 Month |
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|
Standard Bank Silver-Linker |
ETN |
14,72% |
|
Standard Bank Palladium-Linker |
ETN |
9,54% |
|
Source: Profile Media FundsData (29/07/2011) * Includes reinvestment of dividends. |
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MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 29 July 2011 (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 |
(1,99%) |
(5,67%) |
(1,12%) |
12,42% |
31,55% |
5,97% |
10,73% |
|
BIPS Top 40 Portfolio |
(2,01%) |
(6,14%) |
(1,32%) |
9,62% |
31,15% |
- |
- |
|
Nedbank BettaBeta Equally Weighted Top 40 |
(1,20%) |
(5,24%) |
(0,42%) |
9,07% |
- |
- |
- |
|
Satrix 40 Portfolio |
(2,31%) |
(5,98%) |
(2,30%) |
10,87% |
27,98% |
4,35% |
8,16% |
|
Satrix SWIX Top 40 Portfolio A |
(1,48%) |
(5,07%) |
0,00% |
10,97% |
28,54% |
5,40% |
8,70% |
|
Stanlib Top 40 |
(0,99%) |
(5,31%) |
(2,43%) |
- |
- |
- |
- |
|
Stanlib Swix Top 40 |
0,17% |
(1,54%) |
(0,81%) |
- |
- |
- |
- |
|
2. JSE Sector Exposure ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE Industrial 25 Index |
0,53% |
(0,45%) |
8,05% |
22,45% |
47,85% |
16,70% |
17,72% |
|
NewFunds eRAFI INDI 25 |
0,5%% |
(0,85%) |
5,30% |
18,37% |
47,62% |
- |
- |
|
Satrix INDI 25 |
0,25% |
(0,32%) |
7,45% |
20,64% |
46,77% |
14,87% |
15,65% |
|
FTSE/JSE Financial 15 Index |
(1,29%) |
(3,16%) |
(1,65%) |
3,53% |
22,76% |
10,63% |
7,44% |
|
NewFunds eRAFI FINI 15 |
(2,52%) |
(6,05%) |
(1,84%) |
(0,72% |
21,43% |
- |
- |
|
Satrix FINI 15 |
(2,45%) |
(5,77%) |
(2,15%) |
(0,66%) |
18,24% |
5,04% |
2,35% |
|
NewFunds eRAFI RESI 20 |
(4,08%) |
(9,20%) |
(6,31%) |
8,13% |
30,06% |
- |
- |
|
Satrix RESI 10 |
(4,62%) |
(10,47%) |
(10,19%) |
6,32% |
17,79% |
(2,51%) |
5,18% |
|
3. Bond (Fixed Interest) ETFs |
|
|
|
|
|
|
|
|
All Bond Total Return Index |
1,49% |
3,06% |
2,65% |
8,79% |
- |
- |
- |
|
zShares GOVI |
2,07% |
3,70% |
2,02% |
0,94% |
4,61% |
- |
- |
|
BIPS Inflation Linked (Inflation-X) |
0,64% |
2,50% |
4,02% |
6,40% |
7,62% |
- |
- |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 29 July 2011 (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 |
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|
Proptrax SAPY |
0,79% |
1,06% |
3,54% |
5,83% |
29,04% |
11,99% |
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|
Proptrax TEN |
0,80% |
- |
- |
- |
- |
- |
- |
|
|
5. “Style” ETFs |
|
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
(1,56%) |
(4,72%) |
1,00% |
12,29% |
27,76% |
7,70% |
11,49% |
|
|
NewFunds Shari’ah Top 40 |
(2,55%) |
(8,38%) |
(3,46%) |
10,88% |
25,44% |
- |
- |
|
|
NewFunds NewSA |
(1,54%) |
(6,18%) |
(0,40%) |
8,62% |
29,98% |
- |
- |
|
|
NewFunds NewRand |
(0,87%) |
(5,87%) |
(0,39%) |
6,50% |
28,87% |
5,13% |
5,45% |
|
|
NewFunds eRAFI Overall |
(1,49%) |
(4,24%) |
(0,78%) |
10,72% |
39,00% |
9,71% |
- |
|
|
NewFunds MAPPS – Protect |
0,00% |
- |
- |
- |
- |
- |
- |
|
|
NewFunds MAPPS – Growth |
(0,83%) |
- |
- |
- |
- |
- |
- |
|
|
Satrix DIVI Plus |
1,18% |
(0,57%) |
1,09% |
6,50% |
32,50% |
16,20% |
- |
|
|
Satrix RAFI Total Return |
(2,84%) |
(5,53%) |
(1,79%) |
11,24% |
32,76% |
- |
- |
|
|
6. Foreign ETFs |
|
|
|
|
|
|
|
|
|
MSCI World Index (in Rands) |
(0,31%) |
(4,44%) |
- |
5,84% |
- |
(1,17%) |
(1,17%) |
|
|
DBX Tracker MSCI EuroStoxx 50 |
(6,50%) |
(12,27%) |
(10,48%) |
(1,88%) |
(9,45%) |
(12,13%) |
(4,45%) |
|
|
DBX Tracker MSCI FTSE 100 |
(0,44%) |
(4,81%) |
(4,02%) |
5,40% |
9,56% |
(6,11%) |
(3,50%) |
|
|
DBX Tracker MSCI USA |
(2,93%) |
(2,81%) |
(5,04%) |
8,23% |
13,27% |
(2,15%) |
- |
|
|
DBX Tracker MSCI Japan |
2,72% |
5,11% |
(8,11%) |
1,13% |
(5,02%) |
(6,29%) |
- |
|
|
DBX Tracker MSCI World |
(2,57%) |
(4,37%) |
(6,22%) |
5,96% |
8,47% |
(4,41%) |
- |
|
|
Source: |
Profile Media – FundsData (29/07/2011) |
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