Monthly South African ETF, ETN and Index Tracking Product Performance Survey
NewGold ETF, which tracks the price of physical gold bullion in world markets and is listed and traded on the JSE in rands, remains top of the 5 year performance ratings.
Satrix INDI 25 ETF, which tracks the FTSE/JSE Industrial 25 index, continues to benefit from the relative lack of volatility provided by its lack of exposure to mining and financial shares. The Satrix INDI 25 heads up the 3 year and 2 year performance ratings and its 1 year performance (15,80%) comfortably exceeds the FTSE/JSE All Share index total return of 5,08% over the same period.
An increasing number of investors are starting to consider this product as a suitable “core beta” holding in portfolios.
DBX Tracker MSCI USA ETF – this ETF tracks the MSCI index of 600 top securities listed in US stock exchanges. The US economy has provided a more stable backdrop to stockmarket recovery than other developed economies over the past three years. More recently, the rand depreciation against the US dollar has also helped to put the DBX Tracker MSCI USA ETF into the top three performing ETFs/index tracking funds over most periods of up to 2 years.
The DBX Tracker MSCI US ETF is listed as in “inward investment” and trades in rands on the JSE. For individual and corporate investors, this enables unlimited investment without recourse to foreign exchange allowances.
|
Best Performing Index Tracker Funds – 31 May 2012 (Total Return %)* |
||||||
|
Fund Name |
Type |
5 Years (per annum) |
|
Fund Name |
Type |
3 Years (per annum) |
|
NewGold |
ETF |
22,83% |
Satrix INDI 25 |
ETF |
25,16% |
|
|
Prudential Property Enhanced |
12,18% |
Satrix DIVI Plus |
ETF |
21,51% |
||
|
Satrix INDI 25 |
ETF |
12,57% |
Prudential Property Enhanced Index Fund |
Unit Trust |
21,20% |
|
|
2 Years (per annum) |
|
|
|
1 Year |
||
|
Satrix INDI 25 |
ETF |
23,99% |
NewGold |
ETF |
26,60% |
|
|
NewGold |
ETF |
19,42% |
Standard Bank Gold-Linker |
ETN |
25,75% |
|
|
NewFunds eRAFI INDI 25 |
ETF |
19,15% |
DBX Tracker MSCI USA |
ETF |
22,70% |
|
|
DBX Tracker MSCI USA |
ETF |
17,31% |
||||
|
6 Months |
|
|
|
3 Months |
||
|
Satrix FINI 15 |
ETF |
16,64% |
DBX Tracker MSCI USA |
ETF |
10,29% |
|
|
NewFunds eRAFI FINI 15 |
ETF |
16,23% |
Standard Bank Wheat-Linker |
ETN |
10,00% |
|
|
Satrix DIVI Plus |
ETF |
15,95% |
||||
|
Source: Profile Media FundsData (31/05/2012) * Includes reinvestment of dividends. |
||||||
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 31 May 2012 (Total Returns – dividends reinvested) |
|||||||
|
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 |
(3,80%) |
(3,25%) |
0,71% |
2,92% |
13,07% |
15,22% |
5,36% |
|
Nedbank BettaBeta Equally Weighted Top 40 |
(3,20%) |
(2,15%) |
4,85% |
8,68% |
14,94% |
- |
- |
|
NewFunds SWIX Top 40 |
(3,22%) |
(1,58%) |
- |
- |
- |
- |
- |
|
RMB Top 40 Portfolio |
(3,80%) |
(3,28%) |
0,62% |
2,72% |
12,80% |
14,92% |
- |
|
Satrix 40 Portfolio |
(3,80%) |
(3,36%) |
0,54% |
2,51% |
12,59% |
14,72% |
4,97% |
|
Satrix SWIX Top 40 Portfolio A |
(3,30%) |
(1,59%) |
3,27% |
6,31% |
14,28% |
16,20% |
5,84% |
|
Stanlib Top 40 |
(3,46%) |
(3,09%) |
2,49% |
2,83% |
- |
- |
- |
|
Stanlib Swix Top 40 |
(2,89%) |
(1,42%) |
5,36% |
6,69% |
- |
- |
- |
|
2. JSE Sector Exposure ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE Industrial 25 Index |
(2,21%) |
3,88% |
9,16% |
16,35% |
24,58% |
25,76% |
12,69% |
|
NewFunds eRAFI INDI 25 |
(3,60%) |
1,68% |
6,52% |
11,51% |
19,15% |
- |
- |
|
Satrix INDI 25 |
(2,23%) |
3,68% |
8,90% |
15,80% |
23,99% |
25,16% |
12,18% |
|
FTSE/JSE Financial 15 Index |
(0,98%) |
3,74% |
16,72% |
18,21% |
17,06% |
22,33% |
4,93% |
|
NewFunds eRAFI FINI 15 |
(1,09%) |
2,06% |
16,23% |
14,51% |
14,20% |
- |
- |
|
Satrix FINI 15 |
(1,11%) |
2,77% |
16,64% |
16,96% |
15,83% |
20,96% |
3,92% |
|
FTSE/JSE Resources 10 Index |
(7,23%) |
(12,71%) |
(12,58%) |
(13,69%) |
1,39% |
4,44% |
(0,19%) |
|
NewFunds eRAFI RESI 20 |
(7,25%) |
(10,78%) |
(8,45%) |
(12,38%) |
2,84% |
- |
- |
|
Satrix RESI 10 |
(7,22%) |
(12,73%) |
(12,63%) |
(13,97%) |
1,02% |
3,99% |
(0,61%) |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 May 2012 (Total Returns – dividends reinvested) |
|||||||
|
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 |
(0,01%) |
1,92% |
4,95% |
11,06% |
11,25% |
10,63% |
9,05% |
|
NewFunds GOVI |
0,00% |
1,85% |
- |
- |
- |
- |
- |
|
NewFunds ILBI (Inflation-Linked) |
(0,98%) |
1,57% |
- |
- |
- |
- |
- |
|
zShares GOVI |
(0,01%) |
1,69% |
4,53% |
10,38% |
10,52% |
9,83% |
- |
|
RMB Inflation Linked (Inflation-X) |
(0,91%) |
1,65% |
5,12% |
11,61% |
11,09% |
9,00% |
- |
|
4. Property ETFs |
|||||||
|
Proptrax SAPY |
(3,38%) |
(0,88%) |
8,14% |
12,27% |
15,49% |
18,08% |
- |
|
Proptrax TEN |
(0,81%) |
3,51% |
12,64% |
16,45% |
- |
- |
- |
|
5. “Style” ETFs |
|
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
(3,59%) |
(2,26%) |
2,53% |
5,08% |
13,78% |
16,43% |
5,94% |
|
Nedbank BGreen |
(2,62%) |
(1,64%) |
- |
- |
- |
- |
- |
|
NewFunds Equity Momentum Fund |
(4,02%) |
0,44% |
- |
- |
- |
- |
- |
|
NewFunds Shari’ah Top 40 |
(6,15%) |
(9,07%) |
(7,90%) |
(8,66%) |
5,57% |
7,66% |
- |
|
NewFunds NewSA |
(3,30%) |
2,25% |
2,94% |
5,52% |
13,12% |
15,98% |
- |
|
NewFunds NewRand |
1,51% |
(1,11%) |
3,33% |
4,54% |
11,41% |
13,62% |
5,46% |
|
NewFunds eRAFI Overall |
(4,52%) |
(3,74%) |
2,58% |
4,20% |
12,05% |
17,46% |
- |
|
NewFunds MAPPS – Protect |
(1,50%) |
0,90% |
4,50% |
8,84% |
- |
- |
- |
|
NewFunds MAPPS – Growth |
(2,50%) |
(0,09%) |
4,06% |
7,37% |
- |
- |
- |
|
Satrix DIVI Plus |
(4,37%) |
(1,83%) |
9,26% |
15,95% |
16,41% |
21,51% |
- |
|
Satrix RAFI Total Return |
(4,18%) |
(3,47%) |
4,06% |
5,85% |
14,65% |
18,45% |
- |
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 May 2012 (Total Returns – dividends reinvested) |
|||||||
|
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) |
(0,22%) |
3,45% |
6,20% |
8,80% |
10,94% |
9,74% |
(2,53%) |
|
DBX Tracker MSCI EuroStoxx 50 |
(3,72%) |
(8,43$) |
(9,49%) |
(17,44%) |
(1,62%) |
(4,23%) |
(9,87%) |
|
DBX Tracker MSCI FTSE 100 |
(2,35%) |
1,40% |
1,49% |
7,48% |
13,81% |
10,23% |
(2,96%) |
|
DBX Tracker MSCI USA |
3,57% |
10,29% |
11,50% |
22,70% |
17,31% |
15,74% |
- |
|
DBX Tracker MSCI Japan |
0,00% |
0,84% |
(0,35%) |
9,78% |
3,64% |
2,02% |
- |
|
DBX Tracker MSCI World |
0,90% |
4,87% |
5,91% |
10,51% |
12,24% |
10,19% |
- |
|
7. Money Market ETFs |
|
|
|
|
|
|
|
|
Grindrod PrefEx |
(0,17%) |
- |
- |
- |
- |
- |
- |
|
NewFunds TRACI |
1,66% |
2,92% |
- |
- |
- |
- |
- |
|
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* |
5,00% |
1,48% |
(3,56%) |
26,60% |
19,42% |
18,96% |
22,83% |
|
|
NewWave EURO |
3,32% |
- |
- |
- |
- |
- |
- |
|
|
NewWave Pound |
4,99% |
- |
- |
- |
- |
- |
- |
|
|
NewWave US Dollar |
10,59% |
- |
- |
- |
- |
- |
- |
|
|
NewWave Platinum |
(1,30%) |
- |
- |
- |
- |
- |
- |
|
|
NewWave Silver |
(0,42%) |
- |
- |
- |
- |
- |
- |
|
|
* |
Exchange Traded Fund (ETF). |
|||||||
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 May 2012 (Total Returns – dividends reinvested) |
||||||||
|
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 |
(1,19%) |
(1,12%) |
2,52% |
- |
- |
- |
- |
|
|
DB MSCI Emerging Markets Total Return |
(2,15%) |
(4,02%) |
14,26% |
- |
- |
- |
- |
|
|
DB Africa Top 50 Capped Total Return |
0,91% |
3,45% |
13,48% |
- |
- |
- |
- |
|
|
Rand Merchant Bank |
||||||||
|
RMB Oil |
(11,03%) |
(10,71%) |
(13,52%) |
(2,03%) |
- |
- |
- |
|
|
RMB Coal |
(0,87%) |
(1,43%) |
(15,46%) |
(13,44%) |
- |
- |
- |
|
|
Standard Bank |
||||||||
|
Africa Equity Index Total Return |
0,72% |
(0,95%) |
5,95% |
(3,79%) |
- |
- |
- |
|
|
Africa Commodity Basket Index |
(2,34%) |
(3,29%) |
(5,73%) |
- |
- |
- |
- |
|
|
Gold-Linker |
4,10% |
0,91% |
(7,41%) |
25,75% |
- |
- |
- |
|
|
Silver-Linker |
(0,95%) |
(15,05%) |
(11,84%) |
(13,38%) |
- |
- |
- |
|
|
Palladium-Linker |
(1,77%) |
(4,39%) |
4,09% |
(5,42%) |
- |
- |
- |
|
|
Platinum-Linker |
(1,27%) |
(7,05%) |
(9,60%) |
(5,94%) |
- |
- |
- |
|
|
Copper ETN |
(3,31%) |
(2,57%) |
2,52% |
- |
- |
- |
- |
|
|
Corn ETN |
(1,09%) |
(2,16%) |
(6,98%) |
- |
- |
- |
- |
|
|
Oil ETN |
(9,51%) |
(7,78%) |
(9,57%) |
- |
- |
- |
- |
|
|
Wheat ETN |
11,11% |
10,00% |
4,76% |
- |
- |
- |
- |
|
|
Source: |
Profile Media – FundsData (31/05/2012) |
|||||||
|
MONTHLY PERFORMANCE SURVEY OF INDEX TRACKING ETFS, ETNs AND UNIT TRUSTS For Period Ended 31 May 2012 (Total Returns – dividends reinvested) |
||||||
|
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 |
(3,80%) |
(3,25%) |
2,92% |
15,22% |
5,35% |
|
|
Kagiso Top 40 Tracker Fund |
(3,85%) |
(3,42%) |
2,23% |
14,34% |
4,61% |
|
|
Old Mutual Top 40 Fund |
(3,70%) |
(3,25%) |
2,04% |
14,17% |
4,13% |
|
|
Stanlib ALSI 40 Fund |
(3,47%) |
(3,28%) |
2,26% |
14,65% |
5,15% |
|
|
SIM Index Fund |
(3,89%) |
(3,53%) |
1,67% |
13,78% |
4,09% |
|
|
Momentum Top 40 Index Fund |
(3,57%) |
(3,26%) |
2,11% |
14,28% |
4,25% |
|
|
SIM Equally Weighted Top 40 Index Fund |
(2,99%) |
(2,01%) |
7,82% |
- |
- |
|
|
2. All Other Index Tracking Products |
|
|
|
|
|
|
|
FTSE/JSE All Share Index |
(3,59%) |
(2,26%) |
5,08% |
16,43% |
5,94% |
|
|
Sanlam All Share Index Fund |
(3,63%) |
(2,38%) |
4,69% |
15,85% |
- |
|
|
Gryphon All Share Tracker Fund |
(4,12%) |
(1,69%) |
5,10% |
15,99% |
5,47% |
|
|
Stanlib Index Fund |
(3,33%) |
(2,18%) |
4,34% |
15,36% |
5,78% |
|
|
SIM RAFI 40 Index Fund |
(4,06%) |
(3,17%) |
- |
- |
- |
|
|
Grindrod RAFI Enhanced SA Strategy Fund |
(4,32%) |
(4,10%) |
2,50% |
15,17% |
- |
|
|
Old Mutual RAFI 40 Tracker Fund |
(3,98%) |
(3,21%) |
3,33% |
16,07% |
- |
|
|
Prudential Enhanced SA Property Tracker Fund |
0,53% |
5,42% |
17,99% |
21,20% |
12,57% |
|
|
SIM Dividend Plus Index Fund |
(4,42%) |
(1,93%) |
- |
- |
- |
|
|
Source: |
Profile Media – FundsData (31/05/2012) |
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