NEWFUNDS - NewFunds ILBI ETF
The NewFunds Inflation-Linked Bond Index (ILBI) Exchange Traded Fund (ETF) portfolio has been established with the intention of allowing an investor to obtain market exposure to the Consitituent Securities held in the ILBI ETF Portfolio in an easeily tradable form and to replicate as far as possible the price and yield performance of the Constituent Securities. In other terms, the NEWFUNDS ETF is an index of all the bonds that the government issues that pays back interest linked to the consumer price index (CPI) or inflation. It takes all the money an investor receives back from these bonds on a monthly basis and reinvests it in on their behalf. Thus, the amount that an investor invests in the ETF increases every month.
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NEWFUNDS Stock Market Performance
The current share price of NewFunds ILBI ETF (NEWFUNDS) is BWP 59.33. NEWFUNDS closed its last trading day (Thursday, September 2, 2021) at 59.33 BWP per share on the Botswana Stock Exchange (BSE), recording a 0.5% gain over its previous closing price of 59.06 BWP. NewFunds ILBI ETF began the year with a share price of 52.34 BWP and has since gained 13.4% on that price valuation, ranking it sixth on the BSE in terms of year-to-date performance.
NewFunds ILBI ETF is the 29th most traded stock on the Botswana Stock Exchange over the past three months (Jun 25 - Sep 24, 2021). NEWFUNDS has traded a total volume of 420 shares—in 4 deals—valued at BWP 24,391 over the period, with an average of 7 traded shares per session. A volume high of 194 was achieved on July 2nd for the same period. The table below details the last 10 trading days of activity of NewFunds ILBI ETF on the Botswana Stock Exchange.
Profile of NewFunds (Pty) Limited
NewFunds (Pty) Limited operates in the Financials sector, specifically, the Investment Services industry.
|Factsheet of NewFunds (Pty) Limited|
15 Allice Lane, Sandon 2196, South Africa
NEWFUNDS Industrial Market Competitors
NewFunds (Pty) Limited, issuers of the NEWFUNDS stock on the Botswana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|NEWGOLD||NewGold Exchange Traded Fund||559M||189.50||-1.2%|
|LETSHEGO||Letshego Holdings Limited||2.47B||1.15||+59.7%|
|STANCHART||Standard Chartered Bank Ltd||570M||1.91||+31.7%|
|FNBB||First National Bank of Botswana||6.33B||2.49||+13.2%|
|OLYMPIA||Olympia Capital Corporation Ltd||16.7M||0.26||+8.33%|
|LETLOLE||Letlole La Rona Limited||672M||2.40||+4.8%|
|NAP||New African Properties Limited||1.96B||3.25||+1.25%|
|SEFALANA||Sefalana Holding Company Ltd||2.37B||9.45||+1.18%|
|INVESTEC||Investec Group Limited||17.1B||53.67|