Description
CORESHARES PropTrax Ten is an exchange traded fund launched by Coreshares Index Tracker Managers (RF) Pty Ltd. The fund is managed by Grindrod Asset Management (Pty) Ltd. It invests in public equity markets of South Africa. The fund invests in stocks of companies operating in the real state sector. It invests in stocks of companies across all market capitalizations. The fund seeks to replicate the performance of the FTSE/JSE SA Listed Property Top 10 Equal Index, by investing in stocks of companies as per their weightings in the index. It was formerly known as Grindrod PropTraxTEN. CORESHARES PropTrax Ten was formed on May 30, 2011 and is domiciled in South Africa.