NewFunds Collective Investment Scheme - NewFunds ILBI ETF is an exchange traded fund launched by Absa Capital. It is co-managed by Absa Captal Alternative Asset Management (Proprietary) Limited and NewFunds (Pty) Ltd. The fund invests in the fixed income markets of South Africa. It invests in inflation-linked bonds issued by the government. The fund seeks to replicate the performance of the Barclays/Absa South African Government Inflation-Linked Bond Index. NewFunds Collective Investment Scheme - NewFunds ILBI ETF was formed on January 11, 2012 and is domiciled in South Africa.