KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES

Fourth SALTA Awards for the South African ETF Industry, event held from 17H30 to 18H00 - 24 March 2021

25 March 2021 etfSA.co.za.

The organisers of the SALTA Awards are pleased to announce the winners of this year’s Annual Awards made to the issuers of JSE listed Exchange Traded Funds (ETFs), for investment performance and index tracking excellence for the year ended December 2020.

Satrix Managers (Pty) Ltd has dominated this year’s awards. Of the 23 SALTA Awards, Satrix was the winner in 10 different categories and was placed in the top 3 for all 23 Awards handed out.

Absa Capital was the second best achiever, winning 5 Awards, with 15 top 3 placings, followed by 1nvest (Standard Bank) with 4 Awards and Sygnia Itrix with 2 Awards.

In all, 23 SALTA Awards were made for the following categories:

• Total Investment Returns, for 3, 5 and 10 years for SA and foreign referenced ETFs.
• Tracking Efficiency, for low tracking error for 3 years.
• Trading Efficiency, for trading closest to the Net Asset Value (NAV) of the ETF for 3 years.
• New Capital Raised, for 1 and 3 years for individual products, as well as for the issuing houses.
• “People’s Choice Award” – determined by a public poll for South Africa’s favourite ETFs as voted for by the retail investor.

The winners of the 23 Awards were as follows:

 

No. of Awards

Satrix Managers

10

Absa Capital

5

1nvest

4

Sygnia Itrix

2

Ashburton

1

CoreShares

1

A list of the individual Award Winners, per category, is attached as an Appendix to this press release.

The People’s Choice award, now also in its fourth year, requests the South African investment public to vote for their favourite ETF. A dedicated website is set up for this purpose and this year accumulated a record number of votes, up significantly on the record levels achieved for last year’s SALTA Awards.

Once again, the overwhelming choice for the favourite ETF in South Africa was the Satrix 40 ETF. This was the first ETF issued in South Africa in November 2000. It is an outstanding achievement that, in its 20th year of issue, it firmly remains the people’s choice.

A surprise success as the second favourite ETF, with strong public support, was the Sygnia Itrix 4th Industrial Revolution ETF. This ETF, tracks a global index of companies that are beneficiaries of the worldwide focus on new generation companies that make up the 4th Industrial Revolution. This was the first ETF listed in South Africa that has a “thematic” index exposure, so seeks to benefit from the mega-trends discernible in the international economy.

Several ETF issuers in South Africa have indicated their intention to list further “thematic” ETFs on the JSE during 2021. The positive acceptance of the Sygnia Itrix 4IR ETF indicates that gaining exposure to such global mega-trends in the form of easily traded, low cost ETFs on the JSE, should find further favour with the local investment public.

Of the top ten People’s Choice ETFs, Satrix, with seven ETFs (Satrix 40, Satrix Nasdaq 100, Satrix MSCI World, Satrix S&P 500, Satrix DIVI Plus, Satrix MSCI China and Satrix SWIX Top 40) was the dominant brand. 1nvest (1nvest Top 40 and 1nvest Rhodium) had 2 ETFs in the Top ten list, with the Sygnia Itrix 4th Industrial Revolution making up the top ten list.

Analysis of the People’s Choice voting pattern indicates that Satrix overwhelmingly remains the public’s favourite choice as an ETF brand, followed some distance behind, by 1nvest and Sygnia Itrix.

Quick Polls

QUESTION

Financial behaviour experts suggest that today’s risk modelling methodologies ignore your client’s emotional ability / behavioural capacity. What are your thoughts on spicing up risk profiling tools to make allowance for your client’s financial behaviours

ANSWER

[a] Bring it on; my client’s make too many irrational financial decisions
[b] Existing risk profiling tools are adequate
[c] Risk profiling tools should be based on the model / rational client
[d] The perfect risk profiling tool is science fiction
fanews magazine
FAnews April 2021 Get the latest issue of FAnews

This month's headlines

Randsomware attacks... SA businesses' biggest risk
Know the difference - compliance vs ethics
Better business by virtue of Beethoven
The future of vaccines
Harmonisation of retirement funds
Call centres and the maze of auto-prompts
The next 18 to 24 months are going to be tough
Subscribe now