NFGOVI - NewFunds GOVI ETF
The NewFunds GOVI Exchange Traded Fund (NFGOVI ETF) is a reinvesting ETF portfolio in the NewFunds Collective Investment Scheme, registered under the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited. The NFGOVI ETF tracks the FTSE/JSE GOVI Index, an index consisting of the top 10 bonds issued by the South African Government. The NFGOVI ETF seeks to provide investors with ample exposure to the top 10 RSA Government Bonds as is determined and calculated daily.
The NF GOVI portfolio declares a notional distribution to unitholders monthly, and reinvests the value of the notional distribution (which consists primarily of coupons and interest received from the underlying bonds issuers) into constituent securities of the GOVI Index. Such coupons and interest in respect of the distribution does not incur dividends tax as they are not considered as dividends. However, unitholders will be liable for income tax at their marginal rate of tax on the coupons and interest declared and deemed to have been received.
NewFunds GOVI ETF is listed on the Johannesburg Stock Exchange (JSE). NewFunds GOVI ETF is traded on the JSE under the ticker symbol “NFGOVI”. The International Securities Identification Number (ISIN) of JSE:NFGOVI is ZAE000161949. NewFunds GOVI ETF is currently the 179th most valuable stock on the JSE with a market capitalization of ZAR 3.27 billion, which makes about 0.017% of the Johannesburg Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price||77.02|
|Day’s High Price||77.84|
|Number of Deals||101|
|Growth & Valuation|
|Earnings Per Share|
|Dividend Per Share|
NFGOVI Stock Market Performance
The current share price of NewFunds GOVI ETF (NFGOVI) is ZAR 77.14. NFGOVI closed its last trading day (Friday, June 24, 2022) at 77.14 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.3% drop from its previous closing price of 77.38 ZAR. NewFunds GOVI ETF began the year with a share price of 78.69 ZAR but has since lost 1.97% off that price valuation, ranking it 168th on the JSE in terms of year-to-date performance.
NewFunds GOVI ETF is the 191st most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 23 - Jun 24, 2022). NFGOVI has traded a total volume of 6.98 million shares—in 4,843 deals—valued at ZAR 547 million over the period, with an average of 110,767 traded shares per session. A volume high of 427,457 was achieved on May 20th, and a low of 9,537 on June 17th, for the same period. The table below details the last 10 trading days of activity of NewFunds GOVI ETF on the Johannesburg 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
NFGOVI Industrial Market Competitors
NewFunds (Pty) Limited, issuers of the NFGOVI, NEWFUNDS ILBI ETF (+3.48%), NFNAM 10 Bonds (+2.36%), NEWFUNDS TRACI 3-M ETF (+2.06%), NF Equity Value ETF (+0.86%), NF VM High Growth EQETF (-0.66%), Newfunds MAPPS Protect (-0.88%), NF VM Moderate Equity ETF (-0.97%), NF VM Defensive EquityETF (-2.05%), NF Low Volatility ETF (-2.72%) and Newfunds MAPPS Growth (-3.65%) 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.
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