The South African exchange traded product industry gathered at the Johannesburg Stock Exchange on 24 March for the South African Listed Tracker Awards (SALTA), with Satrix emerging as the standout winner in a year that reflected both the growth and the increasing diversity of the local listed ETP market.
The industry now comprises 15 providers of listed exchange traded products on the JSE, with about 300 products in issue and more than R300 billion in market capitalisation. Against that backdrop, 23 SALTA were presented to recognise performance across returns, tracking efficiency, capital raising, and investor popularity.
Satrix collected 10 awards, more than any other provider. 1nvest, the ETF brand of Standard Bank, won five awards, while UBS took three. 10X won two awards, and Absa, RealFin, and First National Bank each won one.
Satrix’s wins included awards for total investment returns, tracking efficiency, capital raising, and the People’s Choice categories. The Satrix 40 ETF was named the top local product in the People’s Choice Awards for the eighth consecutive year, while the Satrix MSCI World ETF won the foreign category.
The awards also highlighted the continued growth of actively managed ETPs. Four awards were given to actively managed products, reflecting a segment that has gained ground since 2024, when such products were enabled to list on the JSE. In the winners’ list, these included actively managed certificates backed by UBS balance-sheet support and issued through partners including Nedbank Wealth, Stanlib, and Excelsia Capital.
Nine of the 23 awards were for capital raised on the JSE over the past three years, and the sector raised more than R67bn during that period through new listings and additional issuances. Satrix led net capital raising with about R24.9bn, followed by UBS with R12.9bn, and 10X with R8.2bn.
The awards are a joint initiative of the JSE, the London Stock Exchange Group, Profile Data, and ETFSA, and are now in their ninth year. The organisers say the awards are based on quantitative assessment of daily NAV pricing and trading data on the JSE, with no subjective judging involved.
Category winners
Total investment returns
10-year returns
- SA equity ETFs: Satrix RESI ETF (compounded return of 21.5%)
- Foreign and commodity ETPs: 1nvest Rhodium ETF (30.39%)
Five-year returns
- SA equity ETFs: Satrix RESI ETF (21.62%)
- SA non-equity ETPs: 10X SA Property Income ETF (21.57%)
- Foreign equity ETPs: 1nvest S&P 500 Info Tech Feeder ETF
- Foreign equity actively managed ETPs: UBS Excelsia Global Equity AMC (14.89%)
- Foreign non-equity ETPs: Satrix S&P Namibia Bond ETF (11.32%)
- Commodity and currency ETPs: Absa NewWave Silver ETN (24.88%)
Tracking efficiency (three years)
- SA equity ETFs: FNB Top40 ETF
- SA non-equity ETFs: Satrix TRACI 3 Month ETF
- Foreign equity index-tracking ETFs: Satrix S&P 500 Feeder ETF
- Foreign non-equity, commodity and currency ETFs: 1nvest ICE US Treasury Bond Index Feeder ETF
New capital raised (three years)
- SA equity ETFs: Satrix Capped All Share ETF (R2.1bn)
- SA non-equity ETFs: 10X Wealth GOVI Bond ETF (R1.7bn)
- Foreign equity ETPs: Satrix MSCI World Feeder ETF (R9bn)
- Foreign non-equity ETPs: 1nvest ICE TSB Index Feeder ETF (R1.55bn)
- Commodities and currencies ETPs: 1nvest Rhodium ETF (R1.18bn)
- Actively managed ETFs: RealFin Fixed Income AMETF (R2bn)
- Local actively managed certificates: UBS Stanlib Strategy 4 Portfolio AMC (R3bn)
- Foreign actively managed certificates: UBS Nedbank Private Wealth Global AMC (R2bn)
- Issuing house: Satrix Managers
People’s Choice Awards
- Local ETP: Satrix 40 ETF
- Foreign ETP: Satrix MSCI World ETF
