Magda Wierzycka says Reserve Bank’s offshore investment cap rules a ‘disaster’ for active managers

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sverige Nyheter Nyheter

Reserve Bank’s new offshore investment cap rules a ‘disaster’ for active managers

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...

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker