NewFunds Shari'ah Top 40 ETF (JSE: STXSHA)
- Open
- R6.32
- Prev Close
- R6.26
- Day High
- R6.37
- Day Low
- R6.28
Key statistics
| Market cap | N/A |
|---|---|
| P/E | N/A |
| EPS | N/A |
| Div yield | N/A |
| 52W high | R7.20 |
| 52W low | R5.35 |
| Volume | 512 |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from live member stances recorded by registered members on this page.
Trimmed my STXSHA at R6.80 given the slight weakness and the fact that it's been range-bound between R6.75 and R7.05 for months now, so I'm holding cash to redeploy if we see a proper breakdown below support.
STXSHA at R6.36 tracks the Shari'ah-compliant top 40, so you're essentially getting JSE large-cap exposure with ethical screens applied. The yield depends heavily on dividend payouts from the underlying basket, but the fee structure (typically 0.20-0.30% for NewFunds products) is
STXSHA sitting at R5.92 with that Shari'ah filter. Anyone here actually tracking the performance spread versus STXFIN over a full cycle, or is the ethical overlay just peace of mind at the cost of returns?
STXSHA down half a percent today but the Shari'ah screened large-cap space looks oversold relative to the underlying fundamentals. If the Top 40 consensus earnings hold up through year-end, this -0.52% is noise and the ETF's tracking error is minimal.
Took the dip on STXSHA at R5.81 today, down 1.69% is just noise for an ETF tracking the Shari'ah compliant Top 40 with decent dividend yield, so adding on weakness makes sense.
STXSHA up 0.85% today, sitting at R5.91. Anyone else noticing the Shari'ah screened stocks outperforming the broader index lately, or is this just noise from the JSE's recent recovery?