NewFunds Multi-Asset Passive Portfolio Solutions (MAPPS™) is a new family of Exchange Traded Funds (ETFs) created by Absa Capital, a division of Absa Bank Limited, and issued under the NewFunds Collective Investment Scheme (NewFunds CIS).
The NewFunds MAPPSTM suite of ETFs is designed to provide investment returns based on the appropriate asset allocation for investors at different stages of life. In addition, it offers risk diversification benefits due to its exposure to a spectrum of asset classes. The underlying asset allocation combines sophisticated proprietary research and investment expertise into a cost-effective, easy-to-understand investment solution managed within the framework of Regulation 28 under the Section 36 (“Regulation 28”) of the Pension
Funds Act, 1956 (“Pension Funds Act”).
NewFunds MAPPS™ is a uniquely designed portfolio range of ETFs which, unlike traditional ETFs, allow investors to purchase a single security on the JSE and have access to the performance of numerous asset classes including; South African equities, nominal bonds, inflation-linked bonds and cash or allowable money market instruments.