Satrix scoops most Salta awards
Sandton-based Satrix Managers took top honours at the sixth South African Listed Tracker Fund Awards (Salta) on Thursday evening, securing the most awards, including the coveted People’s Choice Award for the Satrix 40 ETF.
The Salta’s are made to the issuing houses of JSE listed Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) for investment return performance and excellence in the provision of index tracking products, over the past 3 to 10 years.
Satrix won nine awards on the night, while Absa Capital won six awards and 1nvest took four accolades, to round off the top three spots.
The Salta Awards is an initiative by the four service providers to the Exchange Traded Product (ETP) industry in South Africa, to reward issuers of ETPs for outstanding performance by their products. The four service providers are: etfSA.co.za, Profile Data, The JSE Limited and London Stock Exchange Group.
In all, 26 Salta Awards were handed out. Below is a list of the most awarded companies at the 2023 event:
| No. of Awards | |
| Satrix Managers | 9 |
| Absa Capital (NewFunds/NewWave) | 6 |
| 1nvest | 4 |
| Sygnia Itrix | 3 |
| CoreShares | 2 |
| FirstRand/FNB/Ashburton | 1 |
| Union Bank of Switzerland (UBS) | 1 |
| Total | 26 |
Satrix 40 ETF was the first ETF issued in South Africa in November 2000, and the Salta People’s Choice Award is based on requests from the public to vote on their personal choice ETF/ETN and to add comments on why this is their favourite product. A dedicated website is set up for this purpose.
The overall awards results are based rigorous analysis of daily Nav (Net asset value) pricing and other data, provided by the administrators of ETPs to local data collectors has been used to assess investment performance and other ratios to determine the best providers of ETPs in the various categories measured. Only quantitative assessments have been utilised and no subjective judgements were made, according to the organisers.
The full list of awards and winners appear below:
| 1. | Total Investment Return – 10 Years | |
| a) | SA ETPs | |
| Ø Satrix Capped INDI ETF | ||
| b) | Foreign & Commodity ETPs | |
| Ø Sygnia Itrix MSCI USA Index ETF | ||
| 2. | Total Investment Return – 5 Years | |
| a) | SA Equity ETPs | |
| Ø Satrix RESI ETF | ||
| b) | SA Non-Equity ETPs | |
| Ø CoreShares Preference Share ETF | ||
| c) | Foreign Equity ETPs | |
| Ø Satrix S&P 500 Feeder ETF | ||
| d) | Commodity & Currency ETPs | |
| Ø 1nvest Rhodium ETF | ||
| 3. | Total Investment Return – 3 Years | |
| a) | SA Equity ETPs | |
| Ø Satrix RESI ETF | ||
| b) | SA Non-Equity ETPs | |
| Ø CoreShares Preference Share ETF | ||
| c) | Foreign Equity ETPs | |
| Ø 1nvest S&P 500 Info Tech ETF | ||
| d) | Commodity & Currency ETPs | |
| Ø 1nvest Rhodium ETF | ||
| e) | Foreign Non-Equity ETPs | |
| Ø NewFunds S&P Namibia Bond ETF | ||
| f) | Foreign Equity Actively Managed AMCs & ETNs | |
| Ø UBS UOMWPA – Old Mutual Wealth AMC | ||
| 4. | Tracking Error | |
| a) | SA Equity ETPs | |
| Ø FNB Top 40 ETF | ||
| b) | SA Non-Equity ETPs | |
| Ø Satrix SA Property ETF | ||
| c) | Foreign Equity ETPs | |
| Ø Sygnia Itrix MSCI Japan ETF | ||
| d) | Foreign Non-Equity, Commodity & Currency ETPs | |
| Ø NewGold Platinum ETF | ||
| 5. | Trading Efficiency – 3 Years | |
| a) | SA Equity ETPs | |
| Ø Satrix RESI ETF | ||
| b) | Foreign Equity ETPs | |
| Ø 1nvest S&P Info Tech Feeder ETF | ||
| c) | SA Non-Equity ETPs | |
| Ø Absa NewFunds GOVI ETF | ||
| d) | Foreign Non-Equity, Commodity & Currency ETPs | |
| Ø Absa NewWave US Dollar Currency ETN | ||
| 6. | Capital Raising – 3 Years | |
| a) | SA Equity ETPs | |
| Ø Satrix 40 ETF | ||
| b) | Foreign Equity ETPs | |
| Ø Sygnia Itrix Emerging Markets 50 ETF | ||
| c) | SA Non-Equity ETPs | |
| Ø Absa NewFunds GOVI ETF | ||
| d) | Foreign Non-Equity ETPs | |
| Ø NewWave Silver ETN | ||
| e) | ETP Issuing House | |
| Ø Satrix Managers (Pty) Ltd | ||
Source: moneyweb.co.za
