Late in December Ashurton CIS announced they were transferring the management of their five ETFs to new managers, namely FNB CIS Manco.
The effective date is expected to be Monday 14 February and this will result in a name and code change on that date.
The five ETFs and the new codes are as below;
- FNB Government Inflation Linked Bond ETF ~ FNBINF
- FNB Top40 ETF ~ FNBT40
- FNB MidCap ETF ~ FNBMID
- FNB Global 1200 ETF ~ FNBEQF
- FNB World Government Bond ETF ~ FNBWGB
At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.