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 index at a reduced cost. This exposure is achieved by holding a sample of the index constituents in the most optimal weights that enable the fund to track the performance of the Index as closely as possible.

The fund performed in line with the index in the second quarter of 2015. The last quarterly review of the FTSE/JSE Africa Index series saw the inclusion of Novus Holdings Limited. 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 tight tracking error to the FTSE / JSE All Share Index whilst keeping track of and adjusting for corporate events and index changes as and when they happen.