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| Where I Am? | Viewer ==> Endowments vs sinking funds: Which product is better suited for your needs? | |||||||||||||
Allan Gray Unit Trust Management |
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| Allan Gray Unit Trust Management | Q3 of 2024 | 2 years 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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Botique CI (BCI) was birth by some members of the management of Met CI in the 2010s when Metropolitan was restructuring to merge with Momentum.In 2020, Cannon Asset Management, was bought by Seriti Capital Partners, after the transaction its s retail unit trusts dissappeared from retail.The first ever listing of S&P 500 ETF on the JSE was from CoreShares. |
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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. |