The JSE listing of the Satrix Momentum Exchange Traded Fund brings the number of ETFs listed on the exchange to 12.
This ETF expands Satrix’s smart beta range, which made its debut on the exchange with the flagship Satrix 40 in 2000.
Helena Conradie, CEO of Satrix, says: “I am very excited to announce the latest addition to our ETF range. Satrix is well known for vanilla or market capitalisation ETFs, but our more niche factor ETFs also play a crucial role in portfolio construction for both retail and institutional clients alike. Satrix’s focus is on meeting investor needs and we think the Satrix Momentum ETF is a fine complement to our existing range.”
The Satrix Momentum ETF aims to replicate the performance of the proprietary Satrix Momentum Index by physically holding all the index shares in the underlying portfolio. Shares included in the index are selected because of their superior momentum factor. Momentum can be defined as a trend, meaning stocks that are performing well are expected to continue to perform well (that is, the share price is going up), while those that are not performing well are expected to show further declines in their share price.