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Satrix wins Morningstar best fund house award

Satrix, South Africa’s leading provider of index-tracking products, has today been named the 2021 Best Fund House – Larger Fund Range in South Africa by Morningstar, a global financial services firm with 35 years of investment research.

Satrix, which launched South Africa’s first-ever exchange-traded fund more than 20 years ago, beat Coronation and Sygnia to the coveted top spot. The Morningstar Awards honour managers that have added the most value for investors within their peer group.

The Best Fund House – Larger Fund Range category recognises the fund house with the strongest performing fund line-up on a risk-adjusted basis over a one-, three-, and five-year history. Fund houses that qualify for this award must have at least ten eligible funds, with a minimum five-year track record in the Morningstar database. The Morningstar Awards play an important role in the fund management industry because their use of historical data highlights those houses that are strongest on a consistent basis.

Satrix manages over R120-billion in assets and has a combined investment team experience of 173 years.

Helena Conradie, CEO of Satrix, credits the win in large part to a team of people who are passionate about using the power of index- investing to grow wealth for all South Africans. “A large part of the ethos and philosophy of Satrix as a business is to provide investment access to all South Africans no matter the size of their portfolios. Winning this award is a wonderful acknowledgement of the skill and diligence of our investment team, but also helps our business and the Satrix brand to reach more and more people who need to be included financially. For this, I would like to thank Morningstar.”

Nersan Naidoo, CEO at Sanlam Investments, says, “We are delighted that Satrix is being recognised for solid risk-adjusted performance and strong stewardship of investors’ capital. We have the greatest respect for these awards, which help to set global industry benchmarks”.

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