FNB Top 40 ETF (FNBT40)

Overview

The Ashburton Collective Investment Scheme - Ashburton Top 40 Exchange Traded Fund stands as a prominent exchange-traded fund (ETF) that was launched and is carefully managed by Ashburton Management Company Proprietary Limited. This fund primarily targets the public equity markets within South Africa, aiming to offer investment solutions spread across diverse sectors. Originally known as the RMB Collective Investment Scheme - RMB Top 40 Exchange Traded Fund, it underwent a rebranding and now seeks to mirror the performance of the FTSE/JSE Top40 Index. By focusing on large-cap companies and aligning its investments with the weightings in the index, it offers a strategic approach to replicating index performance. This fund was established on April 12, 2008, and maintains its domicile within South Africa, marking its stance as a key player in the South African investment landscape.

Products and Services

• Ashburton Top 40 Exchange Traded Fund:

This fund is designed to provide investors with a simplified method to gain exposure to the South African market's top-performing large-cap stocks. By investing across diversified sectors, it offers a balanced portfolio that reflects the greater economy's performance. This approach aims at capturing the growth and value offered by the country's leading companies. Key to its strategy is the replication of the FTSE/JSE Top40 Index, where investments are made in congruence with the index's weightings, ensuring investors participate directly in the financial health and trends of South Africa's largest publicly traded companies.