SATRIX WINS BEST FUND HOUSE, MORNINGSTAR AWARDS 2021
Satrix, South Africa’s leading provider of index-tracking products, has been named the 2021 Best Fund House – Larger Fund Range in South Africa by Morningstar, a global financial services firm with 35 years of investment research.
Satrix, which launched South Africa’s first-ever exchange-traded fund more than 20 years ago, beat Coronation and Sygnia to the coveted top spot. The Morningstar Awards honour managers that have added the most value for investors within their peer group. Satrix is the first index-tracking house to receive this award.
The Best Fund House – Larger Fund Range category recognises the fund house with the strongest performing fund line-up on a risk-adjusted basis over a one-, three-, and five-year history. Fund houses that qualify for this award must have at least ten eligible funds, with a minimum five-year track record in the Morningstar database. The Morningstar Awards play an important role in the fund management industry because their use of historical data highlights those houses that are strongest on a consistent basis.
Helena Conradie, CEO of Satrix, credits the win in large part to a team of people who are passionate about using the power of index- investing to grow wealth for all South Africans.
POSTED : 24 MARCH 2021