This fund tracks the movements and replicates the performance of the FTSE/JSE Top 40 Index over time by investing largely in the constituents of this index – ie generally the largest 40 companies listed on the JSE Securities Exchange.

Our team applies rigorous cash flow management and re-balancing techniques to minimise transaction costs and keep the fund’s performance in line with the benchmark. Low risk enhancement strategies are frequently used to add incremental returns with a view to somewhat offsetting the management fee. Strict cash management allows the fund to track the FTSE/JSE Top 40 Index with a minimum tracking error as well as to ensure the maximum practical exposure to the index at all times.

Who should invest?
This fund is suitable for investors who are seeking to own the JSE/FTSE Top 40’s entire stock selection at a low cost, and who seek long-term capital growth with no short-term income requirements. Investors would be able to withstand short-term market fluctuations in pursuit of maximum capital growth over the long term.

This fund is available as a tax-free investment option.