10X acquires CoreShares to create R31bn asset manager – first step in mission to become SA’s Vanguard.
10X CEO Tobie van Heerden and Gareth Stobie explain how having the two disruptors in a single unit will impact SA’s investment market.
10X CEO Tobie van Heerden and Gareth Stobie explain how having the two disruptors in a single unit will impact SA’s investment market.
Such shareholder apathy has an even darker result as Charlie Munger explained from the chair at the AGM of another company this week.
Merryn Somerset Webb for the Financial Times writes, “The move away from active management has given immense power to the big passive players.”
“While the UK government will raise taxes it will also use inflation to cut the weight of its huge debt,” writes Merryn Somerset Webb.
It is therefore more imperative than ever to engage with an independent financial advisor to ensure better portfolio performance over the longer term.
It is becoming increasingly hard to break into the $4.3trn market for exchange-traded funds (ETFs).
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.
The emergence of index funds and ETFs has led to falling asset management fees, not just on index products but on actively managed funds too.
John Bogle, who popularised the low-cost index-based mutual fund as founder of Vanguard, has died. He was 89.
The Cyril Ramaphosa effect has seen the South African Rand return to levels last seen in 2014. This, the same year the Biznews Global portfolio was launched.