STANLIB Capped Prprty Index Trckr Comment - Mar 16 - Fund Manager Comment17 Jun 2016
Fund review
The STANLIB Capped Property Index Tracker Fund is a passively managed index tracking fund. The aim is to replicate the performance of the FTSE/ JSE Capped Property Index ("the Index") as closely as possible.
The fund is aimed at investors who seek exposure to property stocks at a reduced cost. This exposure is achieved by holding the index constituents in their index proportions.
The fund performed in line with the index in the first quarter of 2016. There were no constituent changes to the index in the last quarterly review of the FTSE/JSE Africa Indices. There were a number of changes to the free float factors and shares in issue of various constituents. The fund has been repositioned for these changes.
Looking ahead
We continue to maintain a low tracking error to the FTSE/JSE Capped Property Index whilst keeping track of and adjusting for corporate events and index changes as and when they happen.
STANLIB Capped Prprty Index Trckr Comment - Jan 16 - Fund Manager Comment10 Mar 2016
The STANLIB Capped Property Index Tracker Fund is a passively managed index tracking fund. The aim is to replicate the performance of the FTSE/ JSE Capped Property Index ("the Index") as closely as possible.
The fund is aimed at investors who seek exposure to property stocks at a reduced cost. This exposure is achieved by holding the index constituents in their index proportions.
The fund performed in line with the index in the fourth quarter of 2015. The last quarterly review of the index saw Accelerate Property Fund being replaced by Stenprop. There were also a number of changes to the free float factors and shares in issue of various constituent shares. The fund has been repositioned for these changes.
Looking ahead
We continue to maintain a low tracking error to the FTSE/JSE Capped Property Index whilst keeping track of and adjusting for corporate events and index changes as and when they happen.