March 2014 – etfSA.co.za monthly South African ETF, ETN and unit trust index tracking performance survey
03 April 2014 | Investments | ETF's (Exchange Traded Funds) | Mike Brown, etfSA.co.za
The Monthly Performance Survey for the period ended 31st March 2014 is attached. The total return performance is surveyed for periods from 1 month to 5 years for all 62 ETPs listed on the JSE, as well as 19 index tracking unit trusts.
Whilst domestic equity ETFs dominated the 5 year performance figures, with the perennial champion, the Satrix INDI 25 ETF remaining on top, the offshore ETFs issued by DBX Trackers are dominant for the 1, 2 and 3 year periods. The DBX funds mainly track the MSCI indices of the major world markets and are listed and trade on the JSE in rands as inward investments.
The Absa Capital Equity Momentum ETF, which tracks an index selecting shares displaying the best momentum on the JSE, was the top performer over 6 months, but also showed good performance over 12 and 24 months. This seemingly confirms that the JSE has been in a "growth” phase over the past two years.
Topping the 3 month performance stakes is the Standard Bank Corn ETN, with a 19,23% return over the past quarter. The Standard Bank Wheat ETN has also shown good returns over this period, illustrating the positive impact of adverse global weather conditions on agricultural product prices.
Summary Table
The etfSA.co.za 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 for a lump sum investment compared with the benchmark index returns (including reinvestment of dividends). All indices are shown in total return format. 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. Please Note: future performance will not necessarily repeat historic performance data.
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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 measure the 1 month to 5 years total return for a lump sum investment compared with the benchmark index returns (including reinvestment of dividends). All indices are shown in total return format. 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.
Please Note: future performance will not necessarily repeat historic performance data.
