CORESHARES Top50 tracks the S&P South Africa 50 Index. The index provides exposure to the 50 largest companies on the JSE by float-adjusted market cap.The FTSE/JSE Top 40 Index was created when the market was best represented by the top 40 companies. As the market has grown and liquidity improved S&P took a view that the top 50 companies is a more thorough representation of the market.
Benefits to the investor:
- CORESHARES Top50 seeks to provide investors with efficient and accessible means to achieve a return that tracks the price and yield performance of the S&P South Africa 50 Index
- This is a suitable fund for investors that want broad equity exposure