1nvest, the Standard Bank Group’s specialist index tracking fund provider, has won at the prestigious South African Listed Tracker Funds Award (SALTA). The 1nvest Top40 ETF won the award for 3 year Tracking Efficiency in the SA Equity ETF category and the 1nvest Rhodium ETF won the 3 year Total Return Performance award in the Foreign & Commodity ETF category.
The SALTAs recognise the leaders in the burgeoning Exchange Traded Fund (ETF) industry for performance across categories. These include best total investment returns for 3, 5 and 10 years respectively, efficiency in tracking the indices that an ETF benchmarks, tradability and the ability to raise new and additional capital on the JSE. There is also an ETF selected as the “favourite” based on a popular public poll.
1nvest, an ETF asset manager launched in October 2019, is a collaboration between STANLIB, Standard Bank and Liberty. As a construct of Standard Bank, Africa’s largest financial services provider, 1nvest combines the group’s existing index funds, experience and expertise to provide clients with a consolidated and comprehensive range of 28 index tracking funds across multiple asset classes and geographies. 1nvest funds are designed to provide simple, transparent, and cost-effective products via Unit Trusts (UTs) and ETFs.
“As a new ETF provider with a fresh and differentiated business, we are thrilled to have received these awards,” comments Johann Erasmus, 1nvest Executive Director.
“Despite most of the ETFs having been in existence under previous group banners, consolidating all the funds under the 1nvest name demonstrates the benefit for investors of having the most diversified product range with solid performance records from one provider.”
Index investing or passive investing has seen enormous uptake in more developed markets. According to Moody’s Investor Services, the adoption of passive investing in the US continues unabated with US passive investment funds set to overtake active funds by 2021. Indeed, in the South African market, etfSA statistics reveal that Exchange Traded Products rose to R100bn in funds under management at December 2019 (an increase of 29.6% since 2018) with ETFs making up about 90% of the market capitalisation. During this period, 1nvest has become a substantial ETF provider with funds in all the local and foreign product asset classes.
“Over the last year or so, investors have become spoilt for choice as issuers have listed various new ETFs on the Johannesburg Stock Exchange, offering both local and offshore exposure,” Wehmeyer Ferreira, 1nvest Executive noted.
“We are excited that 1nvest is proving to be a strong participant in shaping the industry and providing investment value to our clients. Our award-winning funds are part of diverse range of market-relevant ETFs in the 1nvest stable.”
In such an environment, 1nvest gives investors the tools to grow their money and take control of their own future, in a way that is simple, straightforward and cost effective. With the backing of the finest minds from the country’s most trusted financial institutions, 1nvest works with investors to build their wealth and achieve their financial goals.
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