Real Estate Investor Magazine South Africa February 2015 | Page 21

upfront
PROPERTY ETFS IN SA

• Grindrod Bank’s PropTrax SAPY ETF replicates the FTSE/JSE
South African Listed Property (SAPY) Index. This invests in
21 of the top (measured by market capitalisation) property
companies listed on the JSE. The weighting is dominated by
two companies, Growthpoint (25,0%) and Redefine (13,9%),
to make up 38,9% of the index.
• The Stanlib SA Property ETF tracks the same index, but has
a very low