bips (RMB) - Exchange Traded Funds (ETF's)
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Bips ftse/jse top 40 fund
- Bips Top 40 is an Exchange Traded Fund (ETF) listed on the Johannesburg Stock Exchange (JSE), containing the 41 largest shares in terms of market capitalisation.
- The fund provides investors exposure to the entire 41 biggest companies in the South African market.
- Investors are exposed to resources, financials, industrials and to the biggest corporates on the JSE with a single share trade.
- The aim of the fund is to provide returns linked to the performance of the FTSE/JSE Top 40 Index.
- Market capitalisation fluctuates dependent on size and price, and as such the Fund's holdings will change accordingly, ensuring that the Bips Top 40 portfolio always comprises the dominating players of the South African investment market.
Suitable for investors seeking:
- Diversification - an investor is able to gain exposure to all of the shares that constitute the JSE Top 40 index with a single purchase of Bips Top 40 units.
- A low cost and simple fee structure - Bips Top 40 is a passively managed fund, offering lower transactional costs and fees than those typically associated with actively managed funds.
- Liquidity - just like individual shares, Bips ETFs are priced constantly throughout the trading day and can be bought and sold at any time during JSE trading hours. RMB will ensure daily liquidity in Bips by buying and selling units on the JSE.
- Transparency - the exact composition and net asset value (NAV) of each Fund will be published daily on the Bips website. Investors will therefore always know the constituents of the fund that they have exposure to and the market value thereof.
BIPS Top40 Fund Performance (30 September 2011)
Total Return %* Since Inception ** Last 12 Months * The above return assume distributions are reinvested, and is net of fees
** Returns have been annulaised with the consideration of daily compounding. Inception date 15/10/2008
click here for more Bips top 40 fund - information and how to apply
Bips Government Inflation Linked Bond fund
- BIPS Inflation-X ETF provides direct exposure to inflation-linked bonds issued by the South African Government. Inflation-X aims to track the performance of the Government Inflation Linked Bond Index (“GILBx”) and is listed on the JSE, providing a seamless and cost effective way to invest in Government inflation linked bonds.
- The underlying portfolio consists of the four Government Inflation Linked bonds. Any new issuances from National Treasury may be included in the fund and any existing bonds with less than one year to maturity will be excluded.
- Inflation Linked bonds provide investors with both a hedge against inflation as well as real yield. The product should therefore appeal to investors who wish to hedge out uncertainty regarding inflation as well as to those who target a real rate of return when investing.
- Inflation-X will pay interest to investors quarterly. The initial amount invested will increase in line with inflation, as represented by changes in the consumer price index published by Stats SA, thereby preserving the capital investment in real terms. The interest amount is also adjusted for inflation, and thus provides investors with a fixed rate return (real return) plus an amount to compensate them for inflation. Please see the brochure below for a simple illustration as to how the initial investment and interest are adjusted for inflation.
BIPS Government Inflation Linked Bond Fund Performance (30 September 2011)
* Returns include reinvestment of distributions. Returns over 12 months have been annualised
Return (%)* Bips Inflation - x GILBx Since Inception 8.43% 8.99% Last 12 Months 8.91% 9.17%
