Ranking the Fund Managers
Global equity funds: SA funds’ popularity growing
In previous years some of the home-grown global funds have proved as competitive as those from the huge global houses. Last year, for example, the winner was the Investec Global Franchise fund run out of Cape Town by Clyde Rossouw. But this year it was the revenge of the megafunds. Two global funds, one a tracker the other a very low tracking error fund, were the finalists. And the winner was the tracker fund, iShares Core MSCI World. Many investors will be familiar with this fund when it was part of Barclays Global Investors. It is now part of BlackRock, the world’s largest asset manager. BlackRock now has a small office in Cape Town and has plans to come onto the SA mainland soon. BlackRock vice-president Khoabane Phoofolo says there is growing demand for passive investment in SA. Unfortunately, the fund does not offer the wafer-thin fees enjoyed in some US ETFs. often as low as 0.08%. “Price is not everything,” says Phoofolo. The runner-up in global equity, Schroders QEP Global C...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.