NewFunds Collective Investment Scheme - NewFunds GOVI ETF is an exchange traded fund launched by Absa Capital. It is co-managed by Absa Captal Alternative Asset Management (Proprietary) Limited and NewFunds (Pty) Ltd. The fund invests in the fixed income markets of South Africa. It invests in bonds issued by the government with maturity greater than one year. The fund seeks to replicate the performance of the South African Government Bond Total Return Index. NewFunds Collective Investment Scheme - NewFunds GOVI ETF was formed on January 11, 2012 and is domiciled in South Africa.
