Satrix, South Africa’s leading provider of index-tracking products, was named the 2022 Best Fund House – Larger Fund Range in South Africa by Morningstar, a global financial services firm. This is the second consecutive win in this category for Satrix. In 2021 it became the first index-tracking house to receive this award.
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 that has delivered sustained outperformance on a risk-adjusted basis across their fund line-ups. 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 consistently.
Kingsley Williams, Chief Investment Officer at Satrix, credits the win to a team of people who are passionate about using the power of index – investing in growing wealth for all South Africans.
“This award is testimony to the value investors have realised by adopting indexed investment strategies into their portfolios. The long-established global trend of investment flows moving into indexed strategies has taken root in South Africa, as more investors appreciate the role these strategies can play within their portfolios.”