Satrix: Key facts at a glance
SATRIX Managers is a management company, marketer and creator of index-linked exchange-traded funds and registered with the FSB. The company, launched in 2001 in partnership with the JSE, is today owned 50/50 by Deutsche Bank and Sanlam.
The company is led by joint-chief executive officers Brett Landman and San-Marie Greeff. Satrix is an authorised financial service provider.
Satrix funds are listed on the JSE as Exchange Traded Funds (ETFs).
ETFs are listed securities that can be traded like shares. They track the performance of a predetermined index through a basket of shares. ETFs are passive instruments designed to deliver beta or market performance within a captured index. In contrast, an actively managed fund attempts to deliver alpha or performance that exceeds the market norm.
ETFs are an increasingly popular form of investment known for low costs. Satrix pioneered the concept in South Africa and launched its first fund during 2001.
Satrix offers a convenient, low-cost entry point for investors wishing to enjoy the long-term growth offered by the South African equity market. The Satrix marketing proposition is ‘Own the market’. It offers seven funds:
Satrix40: A fund that replicates the top 40 JSE shares based on market capitalisation and liquidity. Assets under management: R5,86 billion*
SatrixFini: A product that tracks the performance of the JSE’s top 15 financial sector shares. AUM: R976 million*.
Satrix Indi: An ETF that mirrors the INDI25, an index made up of the top 25 shares in the JSE’s industrial sector. AUM: R534 million*.
Satrix Resi: This offering mirrors the performance of the top 20 shares in the JSE’s resources sector. AUM: R470 million*.
Satrix Swix: A product that replicates the FTSE/JSE Shareholder Weighted Top 40, an index often favoured by institutional and long-term investors because of relatively low volatility. AUM: R229 million*.
Satrix Divi: A method of tracking the FTSE/JSE Dividend Plus Index made up of the best 30 dividend-paying companies in the JSE’s top 100 large and mid-cap companies.AUM: R625 million*.
Satrix Rafi: A fund tracking the total returns of the RAFI 40, an index comprising JSE-listed companies distinguished by dividends, cash flow, sales and book value. AUM: R395 million*.
*Figures accurate in mid-August 2009.
