Description
Ashburton Collective Investment Scheme - Ashburton Mid Cap Exchange Traded Fund is an exchange traded fund launched and managed by Ashburton Management Company Proprietary Limited. The fund invests in the public equity markets of South Africa. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of mid-cap companies. It seeks to replicate the performance of the FTSE/JSE Africa Mid Cap Index, by investing in the stocks of companies as per their weightings in the index. The fund was formerly known as RMB Collective Investment Scheme - RMB Mid Cap Exchange Traded Fund. Ashburton Collective Investment Scheme - Ashburton Mid Cap Exchange Traded Fund was formed on June 26, 2012 and is domiciled in South Africa.