STEPHEN CRANSTON: How JSE and investment products have changed

It is several years since the number of unit trusts in SA overtook the number of share listings on the JSE. And now the number of exchange traded products (ETPs) on the JSE, at 237, almost exceeds that of conventional share listings, now just 255.

Exchange traded funds (ETFs) are investment vehicles of choice for millennials and Gen Z. They are self-help generations who already bank digitally and insure their cars through direct insurers such as Outsurance and MiWay. It’s no accident, so to speak, that Outsurance now has a higher market capitalisation than Old Mutual...

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