Locked
Investors climb into ETFs, reject old-fashioned asset managers – The Wall Street Journal
It's not only South African savers who have warmed to ETFs; the global trend is towards investors rejecting old-fashioned money managers in favour of passive investments.
South Africa's Exchange Traded Fund (ETF) sector has enjoyed explosive growth over the past year, with Mike Brown, managing director of etfSA.co.za, telling BizNews Radio that assets under management have increased by about 20%. As this article from The Wall Street Journal highlights: it's not only South African savers who have warmed to ETFs; the global trend is towards investors rejecting old-fashioned money managers in favour of passive investments. This is a low-margin business in SA and elsewhere. The low costs, meanwhile, help make returns more attractive – and that in turn draws more investors. – Jackie Cameron
___STEADY_PAYWALL___
Related Stories
No stories found.