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Ashburton MidCap ETF wins SALTA award

26 March 2021 Ashburton

Ashburton Investments’ MidCap ETF has won a SALTA 2021 award for the most capital raised by a South African Exchange Traded Fund (ETF) over one year.

Now in its fourth year, the South African Listed Tracker Awards (SALTA) recognises ETF issuers for exceptional products provided to the South African markets.

Ashburton ETFs are a convenient, cost-effective method to gain market exposure, are transparent and tracked as index. “The Ashburton MidCap ETF is up 6% year to date. It has proved popular in the past year because investors have upped their exposure to South African focused blue-chip stocks as the economy started its recovery from lockdown,” says Vicki Tagg, Head of indexation at Ashburton Investments.

The Ashburton MidCap ETF invests in companies represented by the FTSE/JSE Mid Cap Index with the aim of providing returns linked to the performance of the index. It has close on R500 million assets under management and its biggest holdings are Northam Platinum, Old Mutual, Clicks and Bidvest. It pays a quarterly dividend distribution to investors.

“Winning this award is encouraging given our commitment to enable better access to the stock market. Over the years, we have worked closely with brands within our group including both FNB and RMB, to leverage world-class platforms and relationships to deliver relevant investment solutions for both retail and institutional clients. This recognition highlights the need for us to continue solving for client needs and giving them the necessary exposure to the best South African stocks,” adds Tagg.

The SALTA Awards recognises not only the best total investment returns over the past 1 – 5 years in various categories, but also looks to reward “skills” in providing index tracking listed ETF passive products for the investment industry. The organisers measure such skills through efficiency in tracking indices (tracking error) over 3 years, success in raising new capital through ETF listings on the JSE over 1 and 3 years, trading efficiency over 3 years and a “People’s Award”, selected by public votes.

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