As of December 20 2019, NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Financial 15 ETF has gone out of business. NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Financial 15 ETF is an exchange traded fund launched and managed by NewFunds (Pty) Ltd. The fund is co-managed by Absa Alternative Asset Management Proprietary Limited. It invests in the public equity markets of South Africa. The fund seeks to invest in the stocks of companies operating in the financial sector. It invests in the value and low-volatile stocks of companies across all market capitalizations, with a minimum market capitalization of R10 billion. The fund seeks to replicate the performance of the S&P GIVI South Africa Financials Index. It was formerly known as NewFunds Collective Investment Scheme - NewFunds eRAFI Financial 15 Index ETF. NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Financial 15 ETF was formed on May 11, 2009 and is domiciled in South Africa.