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|
|Day’s Low Price||76.31|
|Day’s High Price||78.08|
|Number of Deals||54|
|Growth & Valuation|
|Earnings Per Share|
|Dividend Per Share|
NFGOVI Stock Market Performance
The current share price of NewFunds GOVI ETF (NFGOVI) is ZAR 76.48. NFGOVI closed its last trading day (Thursday, October 21, 2021) at 76.48 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.5% drop from its previous closing price of 76.90 ZAR. NewFunds GOVI ETF began the year with a share price of 73.30 ZAR and has since gained 4.34% on that price valuation, ranking it 283rd on the JSE in terms of year-to-date performance.
NewFunds GOVI ETF is the 205th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). NFGOVI has traded a total volume of 7.28 million shares—in 4,777 deals—valued at ZAR 563 million over the period, with an average of 115,509 traded shares per session. A volume high of 829,838 was achieved on August 24th, and a low of 19,566 on September 8th, 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|
15 Allice Lane, Sandon 2196, South Africa
NFGOVI Industrial Market Competitors
NewFunds (Pty) Limited, issuers of the NFGOVI, NF Equity Value ETF (+31.18%), Newfunds Reitway Global Property (+18%), NF VM High Growth EQETF (+16.82%), NEWFUNDS EQUITY MOM ETF (+13.98%), NEWFUNDS ILBI ETF (+10.49%), NF Low Volatility ETF (+9%), Newfunds MAPPS Protect (+8.47%), Newfunds MAPPS Growth (+8.42%), NF VM Moderate Equity ETF (+6.97%) and NEWFUNDS SHARIA TOP40 (+6.59%) 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.
|MTNZF||MTN Zakhele Futhi||4.01B||32.50||+236%|
|ARA||Astoria Investments Ltd||281M||4.95||+106%|
|SBP||Sabvest Capital Limited||2.21B||53.90||+81.2%|
|YYLBEE||YeboYethu (RF) Ltd||2.55B||48.10||+37.4%|
|TMT||Trematon Capital Inv Ltd||628M||3.00||+26.1%|
|STXRAF||Satrix RAFI 40 Portfolio||1.04B||17.82||+24.6%|
|SCP||Stellar Cap Partners Ltd||849M||0.93||+24%|
|ETFGRE||1nvest Global REIT ETF||131M||21.39||+22.6%|
|GLPROP||CoreShares S&P Global Property ETF||547M||43.69||+22.1%|