South African's favourite index-tracker exchange traded fund is the Satrix Top 40, according to the results of an online poll of 600 investors that was used to determine the winner of the Favourite ETF Award at the inaugural South African Listed Tracker Awards held at the JSE this week. The poll was conducted by Thomson Reuters, one of the sponsors of the awards with ETF platform provider etfSA and data provider ProfileData. Voters in the poll chose the fund for a variety of reasons, which did not always include performance, says etfSA MD Mike Brown. If investment performance was the sole criteria, then the vote should have gone to the Satrix INDI 25, which has delivered a return of 16.9% a year on average for investors over the 10 years to the end of March. Brown says this fund, which invests narrowly in the top 25 industrial shares on the JSE, was the voters' second choice. The Satrix Top 40, which tracks the top 40 shares by market capitalisation (the share price multiplied by th...
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