Seventh SALTA Annual Awards for the South African Exchange Traded Product (ETP) Industry

Satrix are to be congratulated on, once more, coming out on top as the premier issuer of listed tracking products in South Africa.

The South African Listed Tracker Awards (SALTA), are presented to the issuers of Exchange Traded Products (ETPs) that are the top achievers in the industry. The SALTA's award excellence in:

• Investment returns- over the periods of 1, 3, 5 and 10 years;
• Tracking error- the lowest tracking divergence against the relevant benchmarks over a 3-year period;
• Trading efficiency- tracking at the closest prices to NAV on the JSE over a 3-year period;
• New capital raised- through IPOs or for additional issues of already listed ETPs, for the past 3 years.; and
• People's Choice - the public vote for their favourite ETPs, in both local and foreign markets.

These Awards are judged objectively and quantitatively, using public data, to identify the prime achievers.

Over the past seven years, the SALTA Awards have come to be highly prized by the listed ETP Industry in South Africa. There are now 11 issuing houses, that have over 200 products in the form of ETFs, ETNs, AMCs and AMETFs, listed on the JSE that trade on the JSE Main Board and are readily accessible to institutional and retail investors.

Competition for the Awards in their various categories is fierce and it is pleasing that the 25 award winners for 2024 are shared amongst seven of the ETP Issuing Houses.

For full summary of award winners, please view here.

New additions to the SALTA Awards for 2024 have been Actively Managed Certificates (AMCs), with the FNB Global Equity AMC, issued under the UBS structure, coming out on top for both 1 and 3 year investment returns. The UBS AnBro Capital (Unicorn) AMC also won an award for trading efficiency, i.e. trading closest to its net asset value over a 3-year period.

A second innovation this year was to extend the "People's Choice" Award to both local and foreign index tracking products. The public are given the opportunity to vote for their favourite ETPs through a dedicated website set up for this purpose. As usual, there was a very strong response and preferences were shown amongst the investment community for a number of different ETPs, but in the end, Satrix came out top, with the Satrix 40 ETF, winning the local category and the Satrix MSCI World ETF, the foreign category for the People's Choice.

A list of all the individual winners for each Award is shown in the appendix to this release.

• The Johannesburg Stock Exchange - JSE Limited
• The London Stock Exchange Group - LSEG
• Profile Data (Pty) Ltd. - Profile Data
• etfSA.co.za - etfSA

These four organisations are the sponsors, organisers and host the Awards, which are now in their seventh year.

For the winners, the SALTA Awards are becoming more and more prestigious and the SALTA trophies and certificates are proudly displayed in Boardrooms and in the marketing and advertising campaigns of the Award winners.

A rigorous analysis of daily NAV pricing and data generated from trading on the JSE is used to assess the winners of the various categories. The SALTA Awards not only reward investment returns, but also excellence in product performance, in areas such as tracking and trading error, raising of new capital, etc. Only quantitative assessments have been utilised and no subjective judgements are made.

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