NewFunds Collective Investment Scheme - NewFunds Equity Momentum ETF is an exchange traded fund launched and managed by NewFunds (Pty) Ltd. The fund invests in the public equity markets of South Africa. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in momentum stocks of large-cap companies. It seeks to replicate the performance of the Barclays/Absa South Africa Equity Momentum Index. NewFunds Collective Investment Scheme - NewFunds Equity Momentum ETF was formed on January 11, 2012 and is domiciled in South Africa.