Stimulating the economy? Check. Supporting an eco-friendly movement through your investments while donating to a unique cause. Double check! There is nothing more empowering than backing your community, and the Giant Flag project is no exception. The aim of this initiative is to stimulate economic growth within previously disadvantaged communities, and this bundle is now a part of this nation-building project.
Through planting and growing of millions of plants in the shape of the South African flag, the Giant Flag project is powered by solar power nogal. The magnitude of the project will be visible from space, yes, outer space! It is a massive project, the size of 66 soccer fields all bunched together in the Karoo desert where the project will be implemented
The #BackTheFlag bundle is well diversified within the Exchange Traded Fund (ETF) space with a local and foreign component. Local is "Lekker," and in keeping with the nationalistic theme bundle providers Emperor Asset Management have selected some of the top ETFs the local market has to offer. Since it's managed locally by Emperor Asset Management, both they and EasyEquities will donate the management fee to the Giant Flag project.
The majority of the bundle’s constituency is made up of 8 Satrix ETFs, the Stanlib S&P 500 Info Tech ETF, and the CoreShares S&P Global Property ETF.
Bundle constituents and weightings
Even though the Back the Flag bundle was released recently, we can recreate the past performance of the bundle as we have all the data from the ETFs. The bundle’s YTD performance until September was 12.22%, which is excellent considering the current economic situation.
With the current global market waiting on direction from the U.S-China trade negotiations, we might expect the bundle to come under pressure in the short term. The long-term performance paints a different picture and might continue to grow over time when considering the YTD performance.
From backing the “Boks” to backing the flag, we could all do our part in collaborating and making SA a better place for ALL!
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Barry is a market analyst with GT247.com, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.