Sygnia buys db X-trackers, making offshore investments simple for South Africans

Sygnia Asset Management announced in March its purchase of db X-trackers from Deutsche Group Holdings for R325 million.

The asset manager on Wednesday announced that it now has the relevant regulatory approval.

The db X-trackers offer investors access to international investments through a South Africa-regulated structure.

This means far less complexity and negates the need to obtain approval to take assets offshore.

The Money Show’s Bruce Whitfield interviewed Sygnia CEO Magda Wierzycka.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Fees range from 0.4% to 0.8%.

Magda Wierzycka, Sygnia

We have domestic index trackers with fees of 0.1%.

Magda Wierzycka, Sygnia

On every matrix, on a five year basis, only about 50% of active managers outperform their benchmarks.

Magda Wierzycka, Sygnia

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This article first appeared on 702 : Sygnia buys db X-trackers, making offshore investments simple for South Africans


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