As of December 20 2019, NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Industrial 25 ETF has gone out of business. NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Industrial 25 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 industrial 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 Industrials Index. It was formerly known as NewFunds Collective Investment Scheme - NewFunds eRAFI Industrial 25 Index ETF. NewFunds Collective Investment Scheme - NewFunds S&P GIVI SA Industrial 25 ETF was formed on May 11, 2009 and is domiciled in South Africa.