Focus and Objective |
The Top40TRI ETN issued by Investec Bank will give the note holder exposure to the FTSE/JSE Africa Top40 Total Return Index with a zero total expense ratio.
The FTSE/JSE Africa Top40 Index ("Top40") is a capitalisation weighted index comprised of the 40 largest companies by market capitalisation. It provides diversifi ed exposure to South African and international companies including global leaders such as BHP Billiton, SAB, Sasol, Anglo American and MTN. In addition, the companies that comprise the Top40 Index derive more than one third of their revenues from outside South Africa, providing investors with diversifi cation benefi ts across both industry and geography.
The FTSE/JSE Africa Top40 Total Return Index ("Top40TRI") is similar to the Top40 in that both indices track the price movements of the Top 40 companies on the exchange. The difference between the two indices arises in the treatment of the dividends. The Top40TRI assumes that all distributions are reinvested across the index at the time of payment. Each week when a dividend is paid, the proceeds of these dividends are used to buy the full spectrum of constituents in their respective weightings of the index. The Top40TRI should therefore, all else remaining the same, be expected to open each day at the same level that it closed the previous day. In contrast, the Top40 Index expects to open lower on any day that a stock goes ex-dividend. Thus an investment in the Top40TRI will receive the full benefi t of the capital appreciation in the index as well as the dividends which are effectively reinvested.
|
|
|
Details |
Formation Date: |
17 Oct 2012 |
Sector: |
Exchange Traded Notes |
JSE Code: |
TOPTRI |
ISIN: |
ZAE000172540 |
Currency: |
|
Issuer: |
Investec Bank Limited |
Term (days):: |
5 Years |
Holdings: |
n/a |
Unit Holders: |
n/a |
Original Price: |
n/a |
Pricing System: |
Forward |
Minimum Lump Sum: |
n/a |
Minimum Monthly: |
n/a |
Fees |
TER: |
n/a |
Annual: |
% |
Performance: |
n/a |
|
Price |
Performance to 16 Oct 2017 |
R1 000 Lumpsum (NAV-NAV Incl. Dividends) |
Period |
Return |
Value(R) |
Inflation(R) |
3 Months |
11.23% |
1 112.20 |
1 007.80 |
6 Months |
12.80% |
1 127.90 |
1 012.70 |
1 Year |
19.62% |
1 196.20 |
1 050.60 |
3 Years |
10.57% |
1 351.90 |
1 167.60 |
5 Years |
- |
- |
1 315.10 |
|
R100 per Month (NAV-NAV Incl. Dividends) |
Period |
Return |
Value(R) |
Inflation(R) |
3 Months |
7.94% |
316.16 |
303.11 |
6 Months |
15.17% |
655.38 |
612.04 |
1 Year |
24.31% |
1 370.38 |
1 282.09 |
3 Years |
10.76% |
4 264.92 |
4 552.43 |
5 Years |
5.09% |
6 844.58 |
8 983.03 |
* Values for periods greater than one year are annualised |
|
Price |
|
|
Back to Top |
|
ProfileData has taken care in preparing this information but does not accept any liability for errors or out-of-date information.
[
© Copyright Reserved 2024
] |
|
|