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Absa Capital - Exchange Traded Funds: - MAPPS TM ETFs

Absa Capital MAPPS TM Funds

MAPPS TM Multi Asset Passive Portfolio Solutions

NewFunds MAPPS™ Protect and NewFunds MAPPS™ Growth ETFs are the first in the series of ETFs to be issued out of the NewFunds CIS and first such products in the SA market designed with intention to give exposure to diversified portfolios of multiple asset class securities in a single listed instrument.  Further, providing investors with a cost-effective and convenient alternative to non-listed, actively managed structures currently available.

MAPPS™ Growth
This ETF is aimed at investors with a longer time horizon (e.g. younger investors) who is willing to accept higher variability of returns in exchange for the prospect of long-term real investment returns.

  • Cash 5%
  • SA Government bonds – 10%
  • Domestic equity (Swix Index) – 75%
  • SA Government inflation-linked bonds – 10%

MAPPS™ Protect
This ETF is aimed at investors with a shorter time horizon (e.g. closer to retirement) and lower tolerance for return variability.  Investors in the MAPPS™ Protect ETF would prefer a more stable return stream

  • Cash 10%
  • SA Government bonds – 15%
  • Domestic equity (Swix Index) – 40%
  • SA Government inflation-linked bonds – 35%
ASSET CLASS INDEX
Domestic equity blue chip shares FTSE/JSE Top40 Shareholder Weighted Total Return Index (SWIX40)
Fixed income: South African Government issued nominal bonds SA Government Bond Index (GOVI)
Fixed income: South African Government issued inflation bonds Barclays Absa SA Government Inflation-Linked Bond Index (ILBI)
Assets in liquid form Cash and allowable money market instruments

The benefits of Simple access to a life-stage strategy

Simple access to a life-stage strategy
NewFunds MAPPS™ ETFs provide investors with access to an investment strategy designed around the financial needs of an investor at various stages of life.
Before the creation of NewFunds MAPPS™ ETFs, an investor would need to pay asset management and, in most instances, multi-manager and consulting fees to achieve a diversified mix of asset classes.

NewFunds MAPPS™ ETFs provide investors with access

Needs of an investor at various stages of life. Before the creation of NewFunds MAPPS™ ETFs, an investor would need to pay asset management and, in most instances, multi-manager and consulting fees to achieve a diversified mix of asset classes.

Asset allocation

Most investments provide access to a single asset class. A typical ETF offers investment performance which tracks a stated index. In order to gain the desired diversification across asset classes, an investor could buy various ETFs tracking different asset class indices and monitor their allocation and performance themselves. However, this is a manual process which requires attention to the on-going movements of each underlying component.

NewFunds MAPPS™ bundles the various asset classes into a single investment and the strategic weights are automatically balanced quarterly. This way, the investor is spared the administrative burden of having to manually rebalance the exposure.
In terms of Regulation 28, pension funds must comply with certain asset allocation limits. NewFunds MAPPS™ ETFs are designed and managed to be fully compliant with these Regulation 28 asset limits. However, any pension fund must obtain and carefully consider its own independent advice in this regards before investing.

Spreading the risk

With NewFunds MAPPS™, an investor automatically gains exposure to a broad range of asset classes.  NewFunds MAPPS™ is an effective ns secure means of investing in multiple assets types, which are further diversified by investing in a range of securities within each assets type through a single transaction. For example, both MAPPS™ ETF provide exposure to equities, bond and cash and within the equity building block, all 40 of the largest shares listed on the JSE and comprising the SWIX40 index are physically held.

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