Simon Brown
Fifty-two actively managed ETFs now trade on the JSE, but they hold only about 9% of ETF assets, full list here. Simon Brown unpacks what these funds really are (unit trusts in an exchange-traded wrapper), who is listing them, and what they cost. The SPIVA data delivers the verdict: most active equity managers lag the index, but active income funds are the exception, and some now come at close to passive cost.
What We Cover 🗂️
- 📊 The local ETF market crosses R300bn, yet Coronation alone manages twice that
- 🧩 Active vs passive vs unit trust vs AMC: same idea, different wrappers and risks
- 💸 Fees: a median 0.95% for active against 0.40% for passive, and one launched at 6%
- 🏦 The issuers: 27four, Coronation, Ninety One, Allan Gray, Sygnia, 10X, Satrix, Easy ETFs and ETFSA
- 🔁 Passive-to-active conversions and how holder ballots work
- 📉 SPIVA: over ten years, every global equity manager in the sample lagged the index
- 💰 Active income: the one place active management consistently earns its fee
- 🇿🇦 SA’s positive bond feedback loop, the MTBPS and why gold has reset higher
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Power Hour
How do you make sense of the financial markets? How do you interpret the latest financial news? Where do you learn how financial instruments work? How can you learn to invest?
The Power Hour started in 2011 with top industry experts presenting to private investors on financial issues closest to their heart. Power Hours are now both live in-person presentations in Johannesburg, and broadcast live online.
