Manager Research

We have recently concluded our rating review of M&G South Africa’s fund range. Over the past six months, the business has undergone some meaningful changes with several senior leaders leaving the business, including CIO David Knee, Chief Client & Distribution Officer Pieter Hugo and CE...

We have concluded our review of the PSG fund range and have retained our rating.    Fund Prior Rating Current Rating PSG Stable Fund Tier 3 Tier 3 PSG Balanced Fund Tier 3 Tier 3 PSG Flexible Fund Tier 2 Tier 2 PSG Equity Fund Tier 2 Tier 2 &nbs...

We have previously communicated that Sanlam Investment Management (SIM) has acquired Absa Asset Management. This acquisition will lead to several funds being merged and moved from Absa Fund Managers (AFM) to Sanlam Collective Investments (SCI). This transition has been in progress for over a year s...

We have recently completed our review of the Nedgroup Investments Core Guarded, Core Diversified, Core Accelerated, Core Global and Core Global Feeder funds. We have maintained the Tier 1 rating on the Core Guarded, Core Diversified and Core Accelerated funds, and maintained the Tier 2 rating on the...

We have recently reviewed a number of Camissa’s funds and have retained our current ratings. In addition, we have rated the Camissa Islamic High Yield Fund Tier 2 and the Camissa SA Equity Fund Tier 1, this is the first time we have rated these two funds.Camissa is an independent asset manager...

We have recently completed our review of the Rezco Value Trend, Managed Plus, Stable and Equity funds. We have maintained the Tier 1 rating on the Rezco Equity Fund and have downgraded the Rezco Value Trend, Managed Plus and Stable funds to Tier 2.As a reminder, a Tier 2 rated fund is still a good f...

We have recently completed our review of the Sentio SCI Hikma Shariah Balanced fund and Sentio SCI Hikma Shariah General Equity fund and have maintained our Tier 3 ratings. Although Sentio’s independent business creates long term alignment between the investors and the investment team, there a...

We recently completed our review of the Satrix All Share Index fund, Satrix MSCI World Equity Tracker fund and Satrix MSCI World Equity Index Feeder fund and have retained our ratings across these funds. On the business and shareholder side, although Sanlam Investment Management has recently merged ...

We recently concluded our review of the Sands Capital Global Shariah Fund which we have rated Tier 1. This rating marks the culmination of a fund search process which began in early 2022 where we identified the need to expand the range of options available to investors looking to allocate to global ...

We have recently completed our review of the iShares Global Government Bond Fund. We have assigned the fund a Tier 1 rating on the basis that it is a simple, cheap and well managed passive global government bond fund that tracks the FTSE World Government Bond index. The iShares team is well resourc...