South Africa Equity

South Africa equity mutual funds and ETFs own securities listed on the... South Africa equity mutual funds and ETFs own securities listed on the Johannesburg Stock Exchange (JSE). The most well-known exchange is the JSE Index which is a cap-weighted index representing 99% of the total companies on the market. South Africa equity mutual funds and ETFs tend to have large weightings in mining, financials, and communications. Some of the largest companies include Gold Fields, Firstrand, and Naspers Ltd. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Rand. The South African economy, the world’s 36th largest by nominal Gross Domestic Product as of 2022, is characterized by industrialization, a significant role for state institutions, and a growing middle class. Investment as a share of GDP was 17.0% as of 2022, below the long-run average of 19.6% going back to 1960. Gold, diamonds, and platinum are key exports. As an emerging market economy, South Africa equity mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 04/19/2024 View more View less

South Africa equity mutual funds and ETFs own securities listed on the Johannesburg Stock Exchange (JSE). The most well-known exchange is the JSE Index which is a cap-weighted index representing 99% of the... South Africa equity mutual funds and ETFs own securities listed on the Johannesburg Stock Exchange (JSE). The most well-known exchange is the JSE Index which is a cap-weighted index representing 99% of the total companies on the market. South Africa equity mutual funds and ETFs tend to have large weightings in mining, financials, and communications. Some of the largest companies include Gold Fields, Firstrand, and Naspers Ltd. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Rand. The South African economy, the world’s 36th largest by nominal Gross Domestic Product as of 2022, is characterized by industrialization, a significant role for state institutions, and a growing middle class. Investment as a share of GDP was 17.0% as of 2022, below the long-run average of 19.6% going back to 1960. Gold, diamonds, and platinum are key exports. As an emerging market economy, South Africa equity mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 04/19/2024 View more View less