On the money Making
On the money Making waves this quarter The advisor’s advisor Meet the Founder of the Centre for Financial Planning Studies Satrix ETFs available on Glacier Dr Prince Kwasi Sarpong is the founder and Academic Director of the Centre for Financial Planning Studies (CFPS). The centre was established to conduct and coordinate South Africafocused financial planning research. The CFPS will host its first annual research conference in October 2020. Selected papers from this conference will be published in the African Journal of Business and Economic Research (AJBER).The CFPS is also a recognised CPD provider approved by the Financial Planning Institute of South Africa (FPI). Dr Sarpong is a CFP® professional and the author of Portfolio Management for Financial Advisors, a book which aims to provide financial planning students and practitioners with both the theoretical and practical knowledge of portfolio management from an advisor’s perspective. Before establishing the CFPS, he was an investment analyst with an asset management firm based in Cape Town and once served as the Acting Programme Manager and retirement planning lecturer for the Postgraduate Diploma in Financial Planning programme at University of KwaZulu-Natal. Dr Sarpong holds a PhD and a Master of Commerce degree in Finance from University of KwaZulu-Natal. He also holds a Postgraduate Diploma in Financial Planning from Nelson Mandela University and a Bachelor of Education (Psychology) degree from University of Cape Coast. His main area of research is financial markets behaviour and he has published in a number of international academic journals. Recently five of Satrix’s ETFs – four offshore ETFs and one local ETF – were added to Glacier’s fund lists. Satrix Unit Trusts have always been available on Glacier. With both unit trusts and ETFs the investor owns a proportionate share of the total underlying investments held by the fund. Both offer access to the performance of an underlying pool of assets via a single transaction. Unit trusts allow the investor to hold participatory units issued by the fund. With an ETF, the investor holds a share listed and traded on a stock exchange. When an ETF and UT track the same index (eg the FTSE/JSE Top 40), there is Yusuf Wadee, Satrix no difference in the underlying portfolio. Both will fully replicate the index by holding all the Top 40 constituents in exactly the same weights as the index. Both vehicles are governed by the Collective Investments Scheme Control Act (CISCA), are monitored by independent trustees and are highly regulated by the Financial Sector Conduct Authority (FSCA). Both are transparent and liquid. Both are low cost. Investors can choose which vehicle they’d rather use – a unit trust or an exchange traded fund (ETF). For more info go to Satrix.co.za or chat to your Glacier consultant. Rand-denominated global feeder ETFs Satrix MSCI World Equity ETF Local ETFs Satrix 40 ETF Satrix S&P 500 ETF Satrix Nasdaq 100 ETF Satrix MSCI Emerging Markets ETF
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