• FULL mini budget speech

    Read the full mini budget speech delivered by Finance Minister Pravin Gordhan.

  • #FeesMustFall reporting

    What are the real issues and whose voices are being suppressed by social media, asks Solly Moeng.

  • Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

All data is delayed
See More

What is Satrix 40?

Nov 10 2011 07:23

A Fin24 reader asks:

Could you please update me about the Satrix 40? I want to invest some money in it but I have no information or statistics about it.

Brett Landman, CEO of the Satrix Exchange-Traded Fund (ETF), responds:

Satrix, which is a type of unit trust that enables investors to buy shares in the largest 40 JSE-listed companies, started in 2000 with the launch of the Satrix 40 Exchange-Traded Fund (ETF) as the first ETF to be launched in South Africa.

The largest 40 companies by market capitalisation are diverse across all sectors and the Satrix 40 endeavours to replicate the performance of the FTSE/JSE Top 40 index.

Satrix has expanded its range of ETFs to seven, offering broad market exposure in the form of Satrix 40, Satrix Swix, Satrix Divi and Satrix Rafi.

In August 2004, Satrix registered with the Financial Services Board as a collective investment scheme. This means that all Satrix securities are treated like unit trusts in terms of taxation, compliance, investment exposure and reporting. 

The Satrix 40 ETF has a market capitalisation of R6.8bn. Over the past 10 years to September 30 2011, the Satrix 40 ETF has returned 16.01%.

A current highlight is the performance of the Satrix Divi ETF over the past three years. It has delivered a return of 18.03% per annum. It replicates the performance of the FTSE/JSE Dividend Plus Index, which includes stocks based on a one-year forecast dividend yield rather than traditional market capitalisation, as is the case with the Top 40 Index.

Satrix ETFs can be bought through your stockbroker/online trading account. If you do not have a stockbroker, you can buy your Satrix shares through the Satrix Investment Plan.

 - Fin24 

satrix 40  |  investing  |  jse  |  etfs  |  money


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote