Satrix Momentum ETF is an index tracking fund, registered as a Collective Investment Scheme, and is listed on the Johannesburg Stock Exchange as an Exchange Traded Fund. The mandate of the Satrix Momentum ETF ("Satrix Momentum") is to track, as closely as possible, the value of the proprietary Satrix Momentum Index.

It aims to capture the return of the equity market enhanced by the momentum risk premium. This is achieved by constructing a portfolio tilted towards stocks (or equities) that display positive momentum characteristics and away from stocks that display negative momentum characteristics.

The index is rebalanced 8 times a year. In order to reduce costs and minimise tracking error, Satrix Momentum ETF may engage in scrip lending activities with SIM and Investec. Manufactured (taxable) dividends could arise from such transactions.