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| Where I Am? | Viewer ==> Endowments vs sinking funds: Which product is better suited for your needs? | |||||||||||||
Endowments vs sinking funds: Which product is better suited for your needs? |
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| Allan Gray Unit Trust Management | Q3 of 2024 | 7 months ago |
In South Africa, an endowment is a long-term linked insurance policy, with at least one life assured (see Table 1), that is issued by an insurer and regulated in terms of the Long-term Insurance Act and the Insurance Act. As such, endowments are subject to certain rules and restrictions. A sinking fund has the same features and is subject to the same restrictions as an endowment but does not have a life assured.
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In 2023, Allan Gray Manco is celebrating its 50th birthday of existence , founded in 1973.Asset manager Sygnia is a product of a management buyout in a larger transaction that was involving Cadiz buying African Harvest Fund Managers.Ninety One overall assets under management are hovering around 3 trillion , that's almost the entire size of out unit trusts industry. |
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| Disclaimer |
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| Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation. |