Pick of the month: Ashburton S&P 1200
This index is similar to the MSCI World Index in that its underlying constituents are the 1,200 biggest companies in the world as opposed to 500 biggest companies in the US
From April 2008, when Deutsche Bank listed its db X-tracker range of exchange traded funds (ETFs) on the JSE, until it recently sold them to Sygnia, they were pretty much all there was when it came to diversifying offshore without going through a lot of red tape. But in August 2016, before Sygnia’s acquisition of the tracker range in March, some competition arrived in the form of an S&P 500 index tracker launched by CoreShares. Then, in July, Satrix launched an attack on both the rebranded Sygnia Itrix MSCI World Index and the CoreShares S&P 500 by listing ETFs tracking the same indices.
Satrix was originally created by the JSE to bring ETFs to SA, but it is nowadays a brand within the Sanlam stable used for both its index-tracking ETFs and unit trusts. Though Sanlam only recently launched a MSCI World Index ETF, it has been offering a unit trust that tracks this index since October 2013...
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