MAPPS "Balanced Fund" ETFs Now Available on etfSA.co.za
Absa Capital, under the NewFunds Collective Investment Scheme, have recently launched a new generation of ETFs that provide a portfolio of different asset classes, wrapped in a single ETF product.
The Multi Asset Passive Portfolio Solutions (MAPPSTM) ETFs enable investors to purchase a diversified basket of different asset classes with the convenience of purchasing a single listed security. Currently two ETF products have been listed.
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MAPPSTM Growth ETF |
MAPPSTM Protect ETF |
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JSE Share Code |
MAPPSG |
MAPPSP |
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Portfolio Weightings |
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SA Equities |
75% |
40% |
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SA Government bonds |
10% |
15% |
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SA Government Inflation Linked Bonds |
10% |
35% |
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Cash |
5% |
10% |
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Indices Tracked |
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SA Equities |
FTSE/JSE SWIX Top 40 Index (SWIX40) |
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SA Government bonds |
GOVI Index (GOVI) |
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SA Government Inflation-Linked Bonds |
Barclays/Absa SA Inflation-Linked bond Index (ILBI) |
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Cash |
n/a |
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Fee Structure Management fees – based on amount invested |
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Between R1 – R5 million |
0,80% (80bps) |
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Between R5 million – R25 million |
0,60% (60bps) |
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Between R25 million – R50 million |
0,50% (50bps) |
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Between R50 million – R100 million |
0,40% (40bps) |
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Between R100 million – R500 million |
0,30% (30bps) |
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R500 million plus |
0,20% (20bps) |
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The Total Expense Ratio, which will include the management fees, will be published in due course. |
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