STANLIB Index comment - Jun 12 - Fund Manager Comment27 Jul 2012
Fund Review
The STANLIB Index Fund ("the Fund") is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE/JSE All Share Index ("the Index") as closely as possible. The Fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. This exposure is achieved by purchasing the index constituents in the most optimal proportions. There were no major changes to the index, only minor changes in shares in issue for a number of stocks. The fund was repositioned for these changes.
The Fund returned 1.16% for the quarter ending June 2012, compared to the benchmark FTSE/JSE All Share Index return of 0.98%.
Looking Ahead
We will maintain our tight tracking error to the FTSE/JSE All Share Index whilst keeping track of and adjusting for quarterly index reviews.
STANLIB Index comment - Mar 12 - Fund Manager Comment17 May 2012
Fund Review
The STANLIB Index Fund ("the Fund") is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE/JSE All Share Index ("the Index") as closely as possible.
The fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. This exposure is achieved by purchasing the index constituents in the most optimal proportions. Adjustments to the index in the quarter related mainly to changes in free float factors which were a result of changes to shares in issue of various constituent companies. The fund was repositioned for these changes.
The fund returned 5.9% for the quarter ending March 2012, compared to the benchmark FTSE/JSE All Share Index return of 6.0%. For the year ending March 2012, the fund returned 7.4% against the Index return of 7.5%.
Looking Ahead
We will maintain our tight tracking error to the FTSE/JSE All Share Index whilst keeping track of and adjusting for quarterly index reviews.
STANLIB Index comment - Dec 11 - Fund Manager Comment21 Feb 2012
Fund Review
The STANLIB Index Fund ("the Fund") is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE/JSE All Share Index ("the Index") as closely as possible.
The Fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. This exposure is achieved by purchasing the index constituents in the most optimal proportions. During the quarter, the National treasury decided that all inward-listed shares on the JSE be classified as domestic for purposes of trading on the exchange and be included in its indices. There were a number of inclusions and exclusions from the index as a result of this; most notably, British American Tobacco was finally included in the Index. The Fund was repositioned for these changes.
The Fund returned 8.36% for the quarter ending December 2011, compared to the benchmark FTSE/JSE All Share Index return of 8.38%. For the year ending December 2011, the Fund returned 2.74% against the Index return of 2.57%.
Looking Ahead
We will maintain our tight tracking error to the FTSE/JSE All Share Index whilst keeping track of and adjusting for quarterly index reviews.