[JOHANNESBURG, FRIDAY 31 MARCH 2023]

Satrix Managers (Pty) Ltd have once again taken the most SALTA Awards, at this year’s event, held on Thursday evening, 30 March 2023 at the JSE. The Awards are made to the issuing houses of JSE listed Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) for investment return performance and excellence in the provision of index tracking products, over the past 3 to 10 years.

In all, 26 SALTA Awards were announced and a summary of the Winners is shown below. 

For full summary of award winners, please  view here.

The South African Listed Tracker Fund Awards (SALTA) are an initiative by four service providers to the Exchange Traded Product industry in South Africa, to reward issuers of ETPs for outstanding performance by their products. The four service providers are: etfSA.co.za, Profile Data, The JSE Limited and London Stock Exchange Group (LSEG).

The 26 Awards for 2023 were made in the following categories:

Total Investment Returns for 3, 5 and 10 Years (12 Awards) for both local and foreign referenced ETPs.
Tracking Error (4 Awards) – lowest tracking error relative to the specific benchmark tracked over a 3-year period, for all qualifying ETFs and ETNs.
Trading Efficiency (4 Awards) – for trading on the JSE secondary market at the closest prices to NAV (Net Asset Value) of the ETP over a 3 year period.
New Capital Raised (5 Awards) – in IPOs or through secondary issues on the JSE to raise fresh capital for the past 3 years.
People’s Choice Award (1 Award) – the product voted as the “favourite ETP” by public poll.

People’s Choice Award
Once again, the People’s Choice was the Satrix 40 ETF. This was the first ETF issued in South Africa in November 2000. Now in its 22nd year of issue, it continues to remain the favourite of the investment public.

The People’s Choice Award, now also in its sixth year, requests the public to vote on their personal choice ETF/ETN and to add comments on why this is their favourite product. A dedicated website is set up for this purpose. This is now a very representative sample of the public’s opinion on the ETP products available in South Africa.

Top Ten People’s Choice Votes
In order of votes received)

1. Satrix 40 ETF
2. 1nvest Top 40 ETF
3. UBS Coherent Capital Global Commodity AMC
4. Satrix SWIX Top 40 ETF
5. CoreShares S&P 500 ETF
6. 1nvest Global Government Bond ETF
7. Satrix MSCI World ETF
8. CoreShares S&P Global Dividend Aristocrats ETF
9. Standard Bank Multi-Strategy Equity AMC
10. CoreShares SA Dividend Aristocrat ETF

People’s Champion Award
An innovation introduced by the organisers of the SALTA Awards, for this year, was to inaugurate a “People’s Champion” Award. This asked the public to construct a portfolio of four (4) ETFs/ETNs, which would deliver the best returns over the period 1 April 2022 to 28 February 2023. The portfolio competition allocates 25% to each ETP chosen by the participant.

The new People’s Champion Award, truly engages the investment public in a competition of skill and has attracted a surprisingly large number of entrants.

The clear winner for this inaugural People’s Champion Award was Mr Ahmed Vayej. The portfolio of four ETFs that he choose delivered a total return of 18,47% over the 12 months to end February 2023. Given the difficult conditions in financial markets over this period, this was a remarkable achievement.

BACKGROUND
The South African Listed Tracker Awards (“SALTA”) are now in their sixth year. It is an initiative by certain service providers to the growing ETP industry in South Africa, who are not issuers of ETPs themselves, to reward such issuers for exceptional products provided to the South African markets.

The JSE Limited, LSEG, Profile Data and etfSA.co.za are the sponsors and organisers of these Awards.

A rigorous analysis of daily NAV pricing and other data, provided by the administrators of ETPs to local data collectors has been used to assess investment performance and other ratios to determine the best providers of ETPs in the various categories measured. Only quantitative assessments have been utilised and no subjective judgements were made.