2.89 /
0.19%
1530.09
NAV on 2020/10/22
| NAV on 2020/10/21 |
1527.2048 |
| 52 week high on 2020/10/22 |
1530.0909 |
| 52 week low on 2020/03/24 |
1232 |
| Total Expense Ratio on 2020/06/30 |
0.1 |
| Total Expense Ratio (performance fee) on 2020/06/30 |
0 |
| Gilt |
35.73 |
13.79% |
| Offshore |
223.37 |
86.21% |
Management company:
NewFunds (Pty) Ltd. |
Formation date:
2019/11/28 |
ISIN code:
ZAE000276770 |
Short name:
U-SPNAMNE |
Risk:
Unknown |
Sector:
Regional--Interest Bearing--Variable Term |
Benchmark:
S&P Namibia Sovereign Bond 1 + Year Top 10 Index |
NewFunds (Pty) Ltd.
No fund manager's comment available.
The Portfolio has been established with the intention of allowing an Investor to obtain market exposure to the Top 10 largest Sovereign Bonds issued by the Government of the Republic of Namibia. The Portfolio will track and replicate the total return version of the S&P Namibia Sovereign Bond 1+ year Top 10 Index in local currency of the Republic of Namibia, an index whereby each constituent bond has a maturity of greater than or equal to 12 months. The index is created and maintained by S&P Dow Jones Indices, and is a subset of the full Namibia Sovereign Bond Index. The Portfolio will replicate the performance of the index in local currency, rebalance monthly in line with the Index, and reinvest all income received by the Portfolio into the constituents securities of the index thereby increasing the net asset value of the Portfolio. The Portfolio will be listed on both the Namibian Stock Exchange (NSX) and Johannesburg Stock Exchange (JSE) as an Exchange Traded Fund (ETF), and can be traded throughout any trading day at prevailing market prices.
