0.11 /
0.01%
746.62
NAV on 2019/11/19
| NAV on 2019/11/18 |
746.51 |
| 52 week high on 2019/08/14 |
795.38 |
| 52 week low on 2018/11/29 |
647.34 |
| Total Expense Ratio on 2019/09/30 |
0.53 |
| Total Expense Ratio (performance fee) on 2019/09/30 |
0 |
| Gilts |
0.60 |
0.49% |
| Liquid Assets |
-0.04 |
-0.03% |
| Offshore |
123.79 |
99.54% |
Management company:
Ashburton Management Company (RF) (Pty) Ltd. |
Formation date:
2018/03/12 |
ISIN code:
ZAE000254413 |
Short name:
U-WOGOVAS |
Risk:
Unknown |
Sector:
Global--Interest Bearing--Variable Term |
Benchmark:
Citi World Government Bond Index |
Ashburton Fund Managers Ltd.
No fund manager's comment available.
The Ashburton World Government Bond ETF provides investors with cost efficient exposure to the global bond market by tracking the Citi World Government Bond Index (WGBI). This will be the first global bond ETF listed locally on the JSE. The WGBI measures the performance of fixed-rate, local currency, investment grade sovereign bonds. It consists of countries that meet specific criteria for market size, credit quality, and barriers to entry. The WGBI is a widely used benchmark that currently comprises sovereign debt from over twenty countries, including the US, UK, Canada, Germany, Japan, Australia and France.
The ETF will invest into the underlying bonds directly and not via any synthetic exposures. The ETF will be run on an optimised basis, which takes into account country exposure, maturity bucket exposure, duration and convexity versus the benchmark in order to ensure trading efficiencies are realised.
