December 2014 – etfSA.co.za monthly South African ETF, ETN and Unit Trust Passive Index Tracking performance
The Performance Survey for the year ended 31 December 2014, is attached. There were difficult trading conditions during the year for many investment markets, with volatility dominating over the past few months of 2014. The FTSE/JSE Top 40 index only returned 9,17% for the full year ended 31 December 2014, bringing to an end the dominant equity markets of the previous two years. However, a significant number of index tracking products produced better performance than the overall market last year, 35 out of a total of 90 passive products, in fact, showing that the correct selection of an index is critical.