Growth of passive funds encouraging, but not always appropriate for local investors
The growth of index-tracking funds globally and in South Africa has been an encouraging development for the investment industry, but this does not mean investors should discard traditional actively managed funds. Both styles have a critical role to play in the investment landscape. Over the past decade, passive investments have become increasingly popular with local investors, to the extent that some are opting to remove active funds from their portfolios completely. GTC does not encourage such drastic action. There is growing consensus in the professional investment world that a debate arguing the merits of ‘active versus passive’ investing is not constructive. We believe both styles offer valuable diversity within a portfolio. Developed markets such as the US and UK have had access to a wide range of index-tracker funds for more than 20 years, while the local industry has, until... Read More
No Will? No way!
Death without a will creates unnecessary complications for loved ones Dying without carefully preparing a Last Will and Testament which specifically outlines who should inherit your belongings, causes unnecessary distress at an already difficult time for your family and friends. The absence of a Will also means that the law will decide who gets what, and how much. Our fiduciary services team urges you to make sure you prepare a Last Will and Testament as soon as possible to avoid any undue stress and confusion. The Act according to South African law which controls how your assets are transferred is the Intestate Succession Act, 81 of 1987. If a person dies without a Will in SA, it means that the deceased has died ‘intestate’. In this case, family members have to nominate an official Executor (administrator) to manage the intestate... Read More
The ONE Minute Brief – 24 October 2017
The GTC ONE Minute Brief covers the following topics: Economic and Political News Major South Africa Corporate News Major Global Economic News Technical Snapshot Download the full GTC ONE Minute Brief.
