FNBEQF - FNB Global 1200 Equity FOF ETF

May 25, 2022 at 17:50 Twitter · Facebook

FNBEQF share price on Johannesburg Stock Exchange

The Ashburton Global 1200 Fund of Fund ETF, formerly known as the Ashburton Global 1200 Equity ETF, is an Exchange Traded Fund (ETF) that invests in underlying ETFs that track seven composite headline indices. The aim of the ETF is to provide investors with efficient exposure to the global equity market by tracking the S&P Global 1200, which captures 70% of the global stock market capitalization, covering seven distinct regions and 30 countries. The ETF invests in all of the component securities of the index in proportion to their weightings in the index.

Structured as a Fund of Fund, the Ashburton Global 1200 ETF achieves efficiency by investing in underlying ETFs that track the S&P 500 (US), S&P Europe 350, S&P TOPIX 150 (Japan), S&P/TSX 60 (Canada), S&P/ASX All Australian 50, S&P Asia 50, and S&P Latin America 40. Each stock in the index meets the required liquidity standards and each component region has appropriate sector representation. The size of each region corresponds to its relative size in the global equity market, based on a float-adjusted market value.

In August 2020, the JSE Limited and Financial Services Conduct Authority approved changes to the structure of the Ashburton Global 1200 Equity ETF to a Fund of Fund ETF structure. As a result, the portfolio became known as the Ashburton Global 1200 FOF ETF, a portfolio in the Ashburton Collective Investment Scheme in securities, registered in terms of the Collective Investment Schemes Control Act, no 45 of 2002 with a new ISIN of ZAE000289872. The share code also changed from the original ASHGEQ to ASHEQF.

FNB Global 1200 Equity FOF ETF is listed on the Johannesburg Stock Exchange (JSE). FNB Global 1200 Equity FOF ETF is traded on the JSE under the ticker symbol “FNBEQF”. The International Securities Identification Number (ISIN) of JSE:FNBEQF is ZAE000303145. FNB Global 1200 Equity FOF ETF is currently the 243rd most valuable stock on the JSE with a market capitalization of ZAR 1.35 billion, which is about 0.0069% of the Johannesburg Stock Exchange equity market.

FNBEQF Stock Market Performance

The current share price of FNB Global 1200 Equity FOF ETF (FNBEQF) is ZAR 61.22. FNBEQF closed its last trading day (Wednesday, May 25, 2022) at 61.22 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.2% gain over its previous closing price of 59.89 ZAR. FNB Global 1200 Equity FOF ETF began the year with a share price of 74.06 ZAR but has since lost 17.3% off that price valuation, ranking it 320th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that FNBEQF has lost 5% of the stock’s value from April 25th to date.

FNB Global 1200 Equity FOF ETF is the 265th most traded stock on the Johannesburg Stock Exchange over the past three months (Feb 21 - May 25, 2022). FNBEQF has traded a total volume of 2.5 million shares—in 1,696 deals—valued at ZAR 160 million over the period, with an average of 39,683 traded shares per session. A volume high of 379,463 was achieved on March 7th, and a low of 1,267 on May 16th, for the same period. The table below details the last 10 trading days of activity of FNB Global 1200 Equity FOF ETF on the Johannesburg Stock Exchange.

Profile of FNB CIS Manco (RF) (Proprietary) Limited

FNB CIS Manco (RF) (Proprietary) Limited operates in the Financials sector, specifically, the Investment Services industry.

FNBEQF Industrial Market Competitors

FNB CIS Manco (RF) (Proprietary) Limited, issuers of the FNBEQF, FNB Government Inflation Bond ETF (+1.03%), FNB Mid Cap ETF (-4.5%), FNB Top 40 ETF (-8.04%) and FNB World Government Bond ETF (-13.03%) stocks on the Johannesburg 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.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange