- CoreShares Wealth Top 20 Capped ETF undergoes index rebalance.
- Addition of Sanlam Ltd and Vodacom Group Ltd, while Absa Group Ltd and Nedbank Group are removed from the underlying index.
- Rebalance aims to enhance ETF’s exposure to promising companies, providing diversified investment opportunities in the South African market.
CoreShares Index Tracker Managers (RF) Proprietary Limited has unveiled the latest rebalance of the CoreShares Wealth Top 20 Capped ETF (share code: CTOP20), resulting in significant changes to the constituents of the underlying index. The adjustment, effective from 19th June 2023, reflects the ETF’s commitment to staying attuned to market dynamics and maximizing investment opportunities.
The CoreShares Wealth Top 20 Capped ETF, which operates as part of the CoreShares Index Tracker Collective Investment Scheme, falls under the regulatory purview of the Collective Investment Schemes Control Act, 45 of 2002, and is managed by CoreShares Index Tracker Managers (RF) Proprietary Limited.
As mandated by section 19.28 of the JSE Limited Listings Requirements, investors have been duly notified of the following additions and deletions to the underlying index:
Effective Date: 19 June 2023
Index: Wealth SA Top 20 Capped (Custom) Index
- Sanlam Ltd (ISIN: ZAE000070660) – New Weight: 2.9804%
- Vodacom Group Ltd (ISIN: ZAE000132577) – New Weight: 2.5536%
- Absa Group Ltd (ISIN: ZAE000255915) – Previous Weight: 1.0725%
- Nedbank Group (ISIN: ZAE000004875) – Previous Weight: 0.4073%
To access further details regarding the changes in the underlying index, interested parties can review the portfolio composition file available at www.coreshares.co.za.
The rebalance seeks to bolster the CoreShares Wealth Top 20 Capped ETF’s exposure to industry-leading companies exhibiting strong growth potential within the South African market. By incorporating Sanlam Ltd and Vodacom Group Ltd into the index, the ETF aims to provide investors with an enhanced opportunity to capitalize on the evolving investment landscape, ensuring diversified exposure to top-performing entities.