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.
|Last Trading Results||Growth & Valuation|
|Opening Price:||--||Earnings Per Share:||--|
|Day's Low Price:||73.85||Price/Earning Ratio:||--|
|Day's High Price:||74.49||Dividend Per Share:||--|
|Traded Volume:||53,230||Dividend Yield:||--|
|Number of Deals:||34||Shares Outstanding:||33.92m|
NFGOVI Stock Market Performance
The current share price of NewFunds GOVI ETF (NFGOVI) is ZAR 74.01. The NFGOVI stock closed its last trading day (Wednesday, May 5, 2021) at 74.01 ZAR per share on the Johannesburg Stock Exchange, recording a 0.01% gain over its previous closing price of 74.00 ZAR. NFGOVI began the year with a share price of 73.30 ZAR and has since gained 0.97% on that price valuation, ranking it 298th on the JSE in terms of year-to-date performance. 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. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
|Factsheet of NewFunds (Pty) Limited|
15 Allice Lane, Sandon 2196, South Africa
NFGOVI Industrial Market Competitors
NewFunds (Pty) Limited, issuers of the NFGOVI, NEWFUNDS SHARIA TOP40 (+19.2%), NF Equity Value ETF (+15.83%), NF VM High Growth EQETF (+9.29%), Newfunds MAPPS Growth (+9.11%), NEWFUNDS EQUITY MOM ETF (+8.89%), NewFunds S&P GIVI SA T50 (+7.55%), Newfunds MAPPS Protect (+6.73%), NEWFUNDS ILBI ETF (+5.65%), NF VM Moderate Equity ETF (+5.53%) and NF Low Volatility ETF (+5.35%) 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 gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|SBP||Sabvest Capital Limited||2.09b||50.86||+71.0%|
|ARA||Astoria Investments Ltd||232.19m||4.09||+70.4%|
|ETFRHO||1nvest Rhodium ETF||1.20b||3,835.50||+63.1%|
|MTNZF||MTN Zakhele Futhi||1.85b||15.00||+55.1%|
|TMT||Trematon Capital Inv Ltd||628.81m||3.00||+26.1%|
|STXRES||Satrix RESI ETF Portfolio||887.81m||72.25||+23.3%|
|ETFPLD||1nvest Palladium ETF||1.02b||415.30||+22.6%|
|NGPLD||NewGold Palladium ETF||1.17b||414.00||+22.3%|
|CSPROP||CoreShares SA Property Income||249.20m||10.28||+17.9%|
|4SI||4Sight Holdings Limited||217.75m||0.33||+17.9%|