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Why Sygnia’s Magda Wierzycka has SA’s fund managers shaking in their boots

3 August 2015 7:33 PM

Fees matter. A lot. And you don’t get much lower than that of Magda Wierzycka’s Sygnia. Here’s how they do it…

“Asset managers are good at marketing,” says Sygnia CEO Magda Wierzycka. “A lot of money goes into creating the myth of outperformance.

“There are a lot of vested interests around protecting the revenue that you derive from active asset management so no one has been incentivised to market something where you make money out of a volume of assets at very low margins and very low fees,” says Wierzycka.

“We, obviously, hope to change that.”

The Money Show's Bruce Whitfield interviewed Wierzycka for his "Make Money Mondays" feature.

Scroll down to listen to the audio for an explanation of what “index tracking” is and how Sygnia is able to offer some of the most cost effective retirement annuities, Tax-Free Savings Accounts and other investments in South Africa.

I understand performance fees and active management. I know what active managers can and can’t deliver.

Magda Wierzycka, Sygnia CEO

Passive managers outperform active managers 82% of the time!

Magda Wierzycka, Sygnia CEO

Exchange Traded Funds have a lot of hidden costs. Do not invest in them!

Magda Wierzycka, Sygnia CEO

Treasury, only 10 days ago, said fund managers must consider index tracking as the default option for all retirement funds.

Magda Wierzycka, Sygnia CEO

Sygnia charges a total fee of 0.4%. Nobody has yet to match this in South Africa.

Magda Wierzycka, Sygnia CEO

The savings industry relies on complexity to hide how much they’re charging.

Magda Wierzycka, Sygnia CEO

3 August 2015 7:33 PM

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