Activity Review for Sygnia |
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| By Staff Writer |
Q3 Of 2024 | 7 months ago |
Madga's Sygnia was born from the ashes of the demise of African Harvest Fund Managers who were bought and folded into the today Cadiz Asset Management. the Manco continues to grow the number of unit trust it is offering . In the years in review , it sucessfully buy local offering of Itrix, called Db-x Trackers then. The bulk of new unit trust from Syngia comes from this Itrix range .
Outside of Itrix range , Sygnia China New Economy Global Equity Feeder Fund , Sygnia Health Innovation Global Equity Feeder Fund and Sygnia Skeleton Balanced Absolute Fund were introduced to compliment and plug holes in the existing unit trust funds.
In the Itrix range the following were introduced in the local market ,
- Sygnia Itrix Sustainable Economy Etf
- Sygnia Itrix S&P Global 1200 ESG Etf
- Itrix Selective Healthcare 150 Etf
- Sygnia Itrix New China Sectors Etf
- Syngia Itrix Msci Emerging Markets 50 Etf
- Sygnia Itrix FAANG AI Ametf
Sygnia Africa Equity Fund is the second Africa unit trust fund being ceased to function, it shows a parttern of luckwarm attractiveness for investors to go into the heart of the continent.
We also saw Sygnia Growth equity Fund ceased to exits , growth funds are seeing same parttern that engulfed value funds in the early 2010s, RECM asset manager was a value manager , now is evoparated on the industry scenes because of winds blowing on the opposite direction of their investment style.
One prominent renamed made by the manco is that of Sygnia Swix Index Fund being renamed to Transnational Equities Fund with new mandate.
Thats the end of last 10 of mancos we thought we must do a recap before we actively track new activities individually . The industry is huge and got many moving parts , we intend to be up to date on latest activities in the industry.
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