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.
NOTE: Shares of NewFunds GOVI ETF have been delisted from the Johannesburg Stock Exchange (JSE) since close of trading on Monday, March 13, 2023. NewFunds GOVI ETF was traded on the JSE under the ticker symbol “NFGOVI”. The International Securities Identification Number (ISIN) of JSE:NFGOVI was ZAE000161949. NewFunds GOVI ETF was the 238th most valuable stock on the JSE with a market capitalization of ZAR 1.19 billion, which made about 0.0058% of the Johannesburg Stock Exchange equity market at the time of delisting.
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NFGOVI Stock Market Performance
The current share price of NewFunds GOVI ETF (NFGOVI) is ZAR 43.03. NFGOVI closed its last trading day (Friday, March 10, 2023) at 75.03 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.1% gain over its previous closing price of 74.97 ZAR. NewFunds GOVI ETF began the year with a share price of 76.60 ZAR but has since lost 43.8% off that price valuation, ranking it 408th on the JSE in terms of year-to-date performance.
NewFunds GOVI ETF is the 203rd most traded stock on the Johannesburg Stock Exchange over the past three months (Dec 9, 2022 - Mar 13, 2023). NFGOVI has traded a total volume of 4.73 million shares—in 3,109 deals—valued at ZAR 363 million over the period, with an average of 75,009 traded shares per session. A volume high of 602,755 was achieved on January 25th 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 stock 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.
|4SI||4Sight Holdings Limited||240M||0.45||+80%|
|ETF5IT||1nvest S&P 500 IT ETF||738M||19.76||+50.5%|
|STXNDQ||Satrix Nasdaq 100 Prtf||4.04B||157.85||+50%|
|ETF500||1nvest S&P 500 Index ETF||206M||423.61||+26.7%|
|STX500||Satrix S&P 500 Feeder||4.23B||85.18||+26.3%|
|CSP500||CoreShares S&P 500||1.9B||82.58||+25.7%|
|SYGUS||Sygnia Itrix MSCI US ETF||6.76B||76.54||+25.7%|
|SYG500||Sygnia Itrix S&P 500 ETF||4.46B||82.81||+25%|
|ETFWLD||1nvest MSCI World ETF||327M||76.82||+24.3%|
|STXWDM||Satrix MSCI World Feeder||9.9B||77.23||+24.1%|