New rules effectively removing caps on how much local investment vehicles such as pension funds can invest offshore by using exchange-traded funds is likely to be a disaster for the active managers, according to Sygnia founder Magda Wierzycka.
In an environment where many companies are de-listing from the JSE and managers who pick individual shares, as opposed to tracking indices, are struggling to justify the higher fees, the regulations are likely to provoke fierce resistance, said Wierzycka, whose first business was a fund of hedge funds, but has been increasingly focusing on cheaper index trackers...
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação: