INVESTING
Nine months after launching the country’s first exchange traded fund (ETF) based on the inclusion and diversity (I&D) status of listed companies, Satrix says the fund’s premise – that companies with strong I&D are inherently more likely to succeed for a range of factors – is showing dividends, with a good performance versus the rest of the market. The latest rebalancing of the fund saw Truworths, Standard Bank, Raubex, Momentum Metropolitan, Motus Holdings and Life Healthcare being included in the index. “The ETF comprises the 30 companies that rank highest on their combined diversity, inclusion, people’s development and controversy scores,” says Siyabulela Nomoyi, quantitative portfolio manager at Satrix.
PERSONAL FINANCE
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2022-06-25T07:00:00.0000000Z
2022-06-25T07:00:00.0000000Z
http://capeargus.pressreader.com/article/282136410091857
African News Agency