Product Overview |
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Plexus RAFI® Enhanced SA Strategy Fund (CIS)
The Plexus RAFI® Enhanced SA Strategy Fund will consist of approximately 40 shares selected from the top 100 companies by market capitalisation listed on the JSE. The selection of shares included in the fund will be made using Research Affiliates' unique approach to portfolio construction. The strategy involves the selection of equities based on weights determined by using financial metrics of company size (sales, cash flow, book price and dividends) as opposed to traditional market capitalisation weighting. Futher enhancement is then attained through the incorporation of additional factors such as quality of earnings and a financial distress screen, hence the enhanced RAFI® methodology.
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Please click here to view the Plexus Rafi® Enhanced South African Strategy (CIS) brochure.
The Plexus ABSA Capital eRAFI™ Overall SA Index ETF The Plexus Absa Capital eRAFI™ ETF was listed on the Main Board of the JSE on June 23, 2008, with an objective to track the performance of eRAFI™ Overall SA Index, calculated daily by the independent investment consulting firm Riscura and verified by FTSE. The eRAFI™ ETF is a portfolio within the NewFunds Collective Investment Scheme. This eRAFI™ index uses fundamental accounting measures of company size (including sales, cash flow, book price and dividends), rather than market capitalisation, to determine the index constituents. The index consists of 40 shares selected from the top 100 JSE listed companies by market capitalisation, based upon their fundamental economic value. The eRAFI™ ETF allow investors to capture the long term effect of potentially smoother and higher compounding returns and benefits from the low correlation to traditional market capitalization weighted indices. The eRAFI™ Index is a flagship index product designed by Research Affiliates, and includes enhancement to the vanilla RAFI® methodology. This involves: The incorporation of additional factors such as a quality of earnings screen (Net Operating Assets) and a financial distress screen (Debt Coverage Ratio) More frequent rebalancing in comparison to a conventional Fundamental Index® (quarterly as opposed to annually) Optimal weighting of fundamental factors (as opposed to equal weighting in the vanilla RAFI®. Please click here to view the Plexus Absa Capital eRAFI™ ETF brochure. The Plexus RAFI® Enhanced South African Strategy applies the Research Affiliates Fundamental Index® concept to companies listed on the South African JSE Stock Exchange in the FTSE/JSE All Share Index. The strategy begins with the creation of an index based on weights determined by accounting metrics of company size (cash flow, book value, revenues and dividends). The index is then further enhanced through incorporation of additional factors such as quality of earnings and financial distress along with more frequent rebalancing in comparison to a traditional index. This strategy is offered as a segregated equity portfolio held in the investor’s name with a licensed stock broker. Please click here to view the Plexus Rafi® Enhanced South African Strategy (Segregated mandate) brochure.
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