Kruger Rand (Gold)
The point of an index is that winners get larger in the index and losers see their weighting reduce. This is in a sense a ‘self cleaning’ process and we’re seeing it work wonders in the Satrix Resi10 (JSE code: STXRES*).
Gold miners are now ±50% of the ETF while Anglo American and BHP Group with copper and iron ore at their core are another quarter.
Sasol is down to a weighting of below 5% while pure PGMs miners are at around 16% as the white metals remain in the doldrums.
Now sure one day Sasol may recover and PGM miners may have a day in the sun.
But for now this ETF is golden and Nerina Visser did an excellent interview with Siya Nomoyi from Satrix on the ETF and the rise of the gold miners.
But we warned, this ETF is volatile as can be seen from the returns as detaield below and the dividend is also volatile. From almost 5% a few years ago it is now under 2%.
All charts by KoyFin | Get 10% off your order
| ETF name | Satrix RESI |
| JSE code | STXRES |
| ETF issuer | Satrix |
| Issue date | 11 April 2006 |
| Total expense ratio | 0.44% |
| ETF Benchmark | FTSE/JSE Capped Resources 10 Index |
| Tax-free savings account | Investment allowed |
| Market cap | R1.04billion |
| Performance 1 year | +26.2% |
| Performance 3 years | -16.3% |
| Performance 5 years | +132.7% |
| Performance 10 years | +62.8% |
| Dividend yield | 1.6% |
*March 2022