etfSA Monthly South African ETF / Index Tracking Unit Trust Performance survey
The latest Performance Survey highlights the following:
· The Satrix INDI 25 ETF, which tracks an index basket of industrial, retail and manufacturing companies, provides consistently good returns with relatively low risk, measured by volatility and tracking error. It tops the 1 year and 5 year performance tables and is in the top three for 3 years.
· A dramatic return to the top performer stakes in the first three months of this year has been made by the ETFs tracking international markets. The DBX tracker ETFs, which are listed on the JSE as inward investments and trade in rands, provide low cost exposure to global markets and are ideal rand hedges. The DBX EuroStoxx 50, a portfolio of blue chip shares listed on European stockmarkets, gave a 13,56% return for the three months to end March 2011, followed by the DBX USA (8,04%) and DBX FTSE 100 (7,50%) funds.
· The BettaBeta EWT 40, issued by Nedbank Capital, which tracks an equally weighted index of the Top 40 shares on the JSE, in comparison with the usual market capitalisation Top 40 indices, covered by Satrix 40 and BIPS 40, was the best performing top forty portfolio over the past 12 month period. The equally weighted technology is designed to reduce volatility by equally spreading the investment portfolio and reducing risk through diversification and a balanced portfolio. The BettaBeta EWT 40 ETF provided a 15,87% return for the year ended March 2011.
The BettaBeta EWT 40 ETF only listed last February, so enters the one-year performance survey for the first time. Its superior performance could cause the industry to reconsider index tracking technologies which look at alternatives to market capitalisation weighting strategies.
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Best Performing Index Tracker Funds – March 2011 (Total Return %)* |
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Fund Name |
Type |
5 Years (per annum) |
|
Satrix INDI 25 |
ETF |
15,44% |
|
Prudential Property Enhanced |
Unit Trust |
13,05% |
|
Stanlib Index Fund |
Unit Trust |
12,34% |
|
Satrix Top 40 |
ETF |
12,19% |
|
3 Years (per annum) |
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|
Satrix DIVI Plus |
ETF |
17,35% |
|
Prudential Property Enhanced |
Unit Trust |
16,17% |
|
Satrix INDI 25 |
ETF |
13,53% |
|
1 Year |
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|
Satrix INDI 25 |
ETF |
22,44% |
|
NewFund eRafi INDI 25 |
ETF |
20,85% |
|
Prudential Property Enhanced |
Unit Trust |
16,27% |
|
BettaBeta EWT 40 |
ETF |
15,87% |
|
3 Months |
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|
DBX Tracker EuroStoxx 50 |
ETF |
13,56% |
|
DBX Tracker MSCI USA |
ETF |
8,04% |
|
DBX Tracker MSCI FTSE 100 |
ETF |
7,50% |
|
1 Month |
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|
Prudential Property Enhanced |
Unit Trust |
3,60% |
|
Satrix FINI 15 |
ETF |
2,74% |
|
NewFunds eRafi INDI 25 |
ETF |
2,70% |
|
Source: Profile Media FundsData (31/03/2011) * Includes reinvestment of dividends. |
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The full etfSA Performance Survey is attached. The etfSA Performance Survey measures the total return (price changes plus reinvestment of dividends) for index tracking unit trusts and Exchange Traded Funds (ETFs) available to the retail public in South Africa. The performance table (attached) measures 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.
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MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS AND UNIT TRUSTS For Period Ended 31 March 2011 (Total Returns – dividends reinvested) |
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A) Pure Equity Index Tracking ETFs / Unit Trusts |
ETF/ UnitTrust |
5 years p.a. |
3 years p.a. |
12 Months |
3 Months |
1 Month |
|
|
FTSE/JSE Top 40 Index (J200) |
|
12,50% |
4,68% |
15,35% |
2,17% |
0,60% |
|
|
BIPS Top 40 Portfolio |
ETF |
- |
- |
14,73% |
1,49% |
0,03% |
|
|
Satrix 40 Portfolio |
ETF |
12,19% |
4,42% |
14,79% |
2,04% |
0,24% |
|
|
Kagiso Top 40 Tracker Fund |
Unit Trust |
11,68% |
3,92% |
14,50% |
1,95% |
0,53% |
|
|
Old Mutual Top 40 Fund |
Unit Trust |
10,88% |
3,37% |
14,38% |
1,96% |
0,53% |
|
|
Stanlib ALSI 40 Fund |
Unit Trust |
11,99% |
3,90% |
14,98% |
1,71% |
0,61% |
|
|
RMB Top 40 Index Fund |
Unit Trust |
10,94% |
2,84% |
14,49% |
1,52% |
0,65% |
|
|
Nedbank BettaBeta Equally Weighted Top 40 |
ETF |
- |
- |
15,87% |
2,31% |
1,91% |
|
|
Satrix SWIX Top 40 Portfolio A |
ETF |
- |
5,40% |
15,10% |
1,86% |
1,82% |
|
|
SIM Index Fund |
Unit Trust |
11,03% |
3,44% |
13,90% |
1,81% |
0,50% |
|
|
FTSE/JSE All Share Index (J203) |
|
12,65% |
5,84% |
15,5% |
1,12% |
0,52% |
|
|
Sanlam All Share Index Fund |
Unit Trust |
- |
5,34% |
14,60% |
1,11% |
0,48% |
|
|
Gryphon All Share Tracker Fund |
Unit Trust |
11,32% |
4,81% |
15,40% |
0,93% |
0,47% |
|
|
Stanlib Index Fund |
Unit Trust |
12,34% |
4,40% |
13,79% |
0,37% |
0,50% |
|
|
FTSE/JSE Industrial Index |
|
15,87% |
14,08% |
23,26% |
0,85% |
2,58% |
|
|
Satrix INDI Portfolio |
ETF |
15,44% |
13,53% |
22,44% |
0,68% |
2,16% |
|
|
Other |
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|
Satrix RESI Portfolio |
ETF |
- |
(1,96%) |
12,08% |
2,09% |
(2,70%) |
|
|
NewFunds NewSA Index Fund |
ETF |
- |
- |
12,88% |
1,80% |
1,49% |
|
|
NewFunds Shari’ah Top 40 |
ETF |
- |
- |
15,34% |
2,82% |
(0,28%) |
|
|
Satrix FINI Portfolio |
ETF |
5,45% |
7,76% |
5,17% |
1,52% |
2,74% |
|
|
Property Index Tracker (Proptrax) |
ETF |
- |
14,49% |
14,13% |
(4,36%) |
0,96% |
|
|
Source: |
Profile Media – FundsData (31/03/2011) |
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MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS AND UNIT TRUSTS For Period Ended 31 March 2011 (Total Returns – dividends reinvested) |
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B) Other ETF Tracker Funds |
ETF/ UnitTrust |
5 years p.a. |
3 years p.a. |
12 Months |
3 Months |
1 Month |
|
|
All Bond Total Return Index |
|
7,28% |
10,13% |
8,34% |
(1,57%) |
0,49% |
|
|
zShares GOVI Exchange Traded Fund |
ETF |
- |
- |
7,97% |
(5,23%) |
(3,36%) |
|
|
BIPS Government Inflation Linked Fund (Inflation-X) |
ETF |
- |
- |
10,71% |
0,28% |
(0,23%) |
|
|
MSCI World Index in ZAR |
|
1,97% |
(7,99%) |
4,23% |
7,69% |
(3,13%) |
|
|
DBX Trackers MSCI USA Index ETF |
ETF |
- |
(4,80%) |
5,08% |
8,04% |
(2,73%) |
|
|
DBX Trackers MSCI World Index ETF |
ETF |
- |
(6,74%) |
5,64% |
7,25% |
(3,64%) |
|
|
DBX Trackers MSCI FTSE 100 Index ETF |
ETF |
2,76% |
(8,63%) |
4,48% |
7,50% |
(4,79%) |
|
|
DBX Trackers MSCI Japan Index ETF |
ETF |
- |
- |
(7,01%) |
(2,37%) |
(11,71%) |
|
|
DBX Trackers MSCI EuroStoxx 50 Index ETF |
ETF |
1,27% |
(13,64%) |
(1,03%) |
13,56% |
(3,57%) |
|
|
C) Passive Enhanced ETFs / Unit Trusts |
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index (J203) |
|
12,65% |
5,84% |
15,15% |
1,12% |
0,52% |
|
|
Satrix DIVI Plus Portfolio |
ETF |
- |
17,35% |
12,90% |
(5,26%) |
0,60% |
|
|
NewFunds eRAFITM Overall SA Index Fund |
ETF |
- |
- |
13,76% |
1,08% |
0,14% |
|
|
Plexus RAFI Enhanced SA Strategy Fund |
Unit Trust |
- |
0,02% |
13,04% |
0,48% |
0,23% |
|
|
Satrix RAFI 40 Total Return Portfolio |
ETF |
- |
- |
15,46% |
3,28% |
0,67% |
|
|
Old Mutual RAFI 40 Tracker Fund |
Unit Trust |
- |
8,07% |
13,74% |
2,18% |
0,55% |
|
|
Alphen Equity Building Fund |
Unit Trust |
- |
- |
14,13% |
1,73% |
0,92% |
|
|
NewFunds eRAFITM SA Industrial 25 Index Fund |
ETF |
- |
- |
20,85% |
(1,03%) |
2,70% |
|
|
NewFunds eRAFITM SA Resources 20 Index Fund |
ETF |
- |
- |
12,20% |
3,97% |
(1,47%) |
|
|
NewFunds eRAFITM SA Financial 15 Index Fund |
ETF |
- |
- |
2,92% |
1,73% |
2,65% |
|
|
Prudential Enhanced SA Property Tracker Fund |
Unit Trust |
13,05% |
16,17% |
16,27% |
(1,59%) |
3,60% |
|
|
Source: |
Profile Media – FundsData (31/03/2011) |
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