Sygnia has grown assets under management and administration during a year in which rivals are blaming political and economic upheaval for a plunge in assets, its results for the year ending September show. The asset manager’s assets grew 16% to R184bn, the result of its “defensive” investment performance and the acquisition of the erstwhile db X-trackers exchange-traded fund (ETF) platform, which added R12bn in assets. The platform now operates as Sygnia Itrix. Sygnia financial director Mike Buckham said after the release of the results that assets from the db X-trackers platform had since grown from R12bn to R14bn, boosted by R1.1bn in new investments and R900m in market returns. Sygnia’s negative view of SA’s political landscape, marred by allegations of state capture and unwillingness on the part of the prosecution authorities to act against this, resulted in the company implementing a risk management and diversification process that boosted its returns. This included tactical as...

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