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.
NewFunds ILBI ETF is listed on the Botswana Stock Exchange (BSE). NewFunds ILBI ETF is traded on the BSE under the ticker symbol “NEWFUNDS”. NewFunds ILBI ETF is currently the 37th most valuable stock on the BSE with a market capitalization of BWP 6.35 million, which is about 0.0016% of the Botswana Stock Exchange equity market.
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NEWFUNDS Stock Market Performance
The current share price of NewFunds ILBI ETF (NEWFUNDS) is BWP 63.50. NEWFUNDS closed its last trading day (Tuesday, June 14, 2022) at 63.50 BWP per share on the Botswana Stock Exchange (BSE), recording a 2% drop from its previous closing price of 64.80 BWP. NewFunds ILBI ETF began the year with a share price of 58.98 BWP and has since gained 7.66% on that price valuation, ranking it sixth on the BSE in terms of year-to-date performance.
NewFunds ILBI ETF is the 31st most traded stock on the Botswana Stock Exchange over the past three months (May 12 - Aug 12, 2022). NEWFUNDS has traded a total volume of 180 shares—in 2 deals—valued at BWP 11,625 over the period, with an average of 3 traded shares per session. A volume high of 150 was achieved on June 1st 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
- Investment Services
- 15 Allice Lane, Sandon 2196, South Africa
- +27-11-895-5517, +27-11-895-6852
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.
|NEWPALL||NewGold Palladium ETF||26M||259.50||+6.53%|
|BASBI||Africa Sovereign Bond ETF||251M||83.69||+5.01%|
|NEWPLAT||NewGold Platinum ETF||322M||105.70||-5.41%|
|BAMIB50||AMI Big50 ex-South Africa ETF||42.1M||4.68||-26.1%|
|STANCHART||Standard Chartered Bank Ltd||776M||2.60||+32.7%|
|LETLOLE||Letlole La Rona Limited||854M||3.05||+19.6%|
|INVESTEC||Investec Group Limited||19.9B||62.33||+16.1%|
|FNBB||First National Bank of Botswana||7.12B||2.80||+12%|
|NAP||New African Properties Limited||2.05B||3.40||+4.29%|