JAMIE CARR: Sygnia moves with the times
Sygnia has grown assets under management to R180.6bn at March 31, and is looking to branch out
The investment landscape has changed considerably since the days when research meant a three-bottle lunch at the Rand Club. Now information is shared equally across the market, and investors have a bewildering quantity of data at their fingertips if they have the time and inclination to analyse it. This should in theory mean that better investment decisions are made, and the days of managers getting away with charging fat fees for flabby performance should have gone the way of the diplodocus. There is a growing realisation that even in the rock-star environment of the hedge fund circus, there are few managers who beat the market consistently net of fees, and therefore it makes sense to bung the savings into a low-cost passive product and forget about it. This is good news for Sygnia, which offers a range of passive low-cost products and exchange traded funds to the institutional and retail market. It has grown assets under management to R180.6bn at March 31, and is looking to branch...
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.