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BettaBeta Equally Weighted Top 40 ETF
It is widely accepted by investors that one of the most convenient ways of exposing a portfolio to South Africa's most prominent listed blue chip companies is via a fund or vehicle that invests in the FTSE/JSE Top 40 Index. Unfortunately, this Index is heavily skewed towards listed companies in the resources sector, so instead of owning a diversified portfolio of shares, Top 40 Index investors often inadvertently find themselves over-exposed to a few large South African mining companies.
- BettaBeta Equally Weighted Top40 Index, calculated independently by the FTSE/JSE.
- This index is constituted of exactly the same companies as defined by the FTSE/JSE as the Top40 index, but are held in equal proportions, being 2.5% each, at the quarterly rebalancing date.
Comparative ETF and benchmark performance of Top40-based indices (% return)
Source: Nedbank Capital Fund Fact sheets - February 2012
BBET40ETF Equity Weighted Top40 index Market Cap Weithted Top40 index 10% Cap Weighted Top40 index Shareholder Weithted Top40 index
(past performance is not necessarily a guide to future performance)
Note: The BBET40 first listed on the JSE on 25 March-10
Suitable for investors seeking:
- Investors who require a lower risk exposure to the blue chip equity investments on the JSE.
- Investors that require more balanced benchmarks and passive exposures, and do not support the size- and resource bias of the headline FTSE/JSE indices.
- Liquidity - just like individual shares, the BettaBeta Equally Weighted Top40 trades every day and can be bought and sold at any time during JSE trading hours.
