CORESHARES Proptrax SAPY tracks the FTSE/JSE SA Listed Property Index (SAPY Index). The SAPY Index consists of the Top 20 most liquid JSE primary listed property companies (thereby excluding Capital Shopping Centres) that have a minimum free float of 15%.
Benefits to the investor:
- Investors can be reassured as this security is ultimately backed up by bricks and mortar
- This ETF offers broad exposure and access to the South African property market
- The income received by property companies is paid out as income to investors quarterly, and the income is generally higher than equity