Sygnia is pleased to announce that its assets under management and administration have grown by 6.5% in the last financial quarter from R137 billion (at 30 September 2015) to R146 billion (at 31 December 2015). Since listing on the JSE in October 2015, Sygnia has managed to maintain momentum and thrive in extremely tough economic conditions.
Sygnia is pleased to announce that its assets under management and administration have grown by 6.5% in the last financial quarter from R137 billion (at 30 September 2015) to R146 billion (at 31 December 2015). Since listing on the JSE in October 2015, Sygnia has managed to maintain momentum and thrive in extremely tough economic conditions.
“The year has had a challenging start and more volatility will follow, but market cycles come and market cycles go. The majority of savings are long term in nature, and as much as everyone is feeling a lot poorer, short-term events should never trigger panic reactions. Our investment objectives for 2016 are to manage the risk of capital loss, diversify across asset classes and not stick our necks out in terms of extreme positions. This is the year to ”preserve”, rather than ”accumulate” savings. Management of costs will come to the fore. 2016 will be a busy year for Sygnia on the corporate front as we get ready to launch an umbrella fund and a robo-advisor model”, said Sygnia CEO Magda Wierzycka.
Sygnia has a reputation for innovation within the financial services industry. In 2013, the company launched its range of low cost savings products linked to index-tracking, charging just 0.40% per annum for a combination of a retirement annuity and an investment product. This has shaken up the industry which is used to charging well in excess of 1% for similar products.