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Byline: Andrew Gillingham
ETF move to lure major investors Growth in the value of assets under administration in exchange traded funds will continue to be slow until more institutional investors are attracted to them, writes ANDREW GILLINGHAM New products boost growth SATRIX launched the first exchange traded fund (ETF) in SA, the Satrix40 a passive index-tracking JSE-listed fund containing the top 40 listed companies by market cap in November 2000, and the range of ETFs has been growing ever since.
Brett Landman, joint CEO of Satrix, says that the costs of actively managed funds are higher than ETFs, but when active managers succeed in outperforming the market few investors mind paying their fees. …