In a move that demonstrates just how seriously the country’s largest financial institutions are taking the trend towards the use of passive investment products, Standard Bank and Stanlib have merged their respective index-tracking businesses into a single new entity, called 1nvest.

“Stanlib and Standard Bank both wanted to grow their existing ETF (exchange traded funds) businesses based on the future potential of passive products, so it made sense to have one group provider,” says Johann Erasmus, an executive for 1nvest...

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