From 3 June, Glacier will offer five Exchange Traded Funds (ETFs) directly via its platform.
Passive investments have seen increased demand, locally and globally, over the past few years. In keeping with this, Glacier is pleased to announce that five ETFs are now available via the platform – making it one of a few platforms in SA to offer ETFs without the need for a share trading account.
Partnership with Satrix
Glacier has partnered with Satrix, the second largest provider of passive investments in SA, to make a limited range of ETFs available directly on our platform. This will allow investors to access some unique and cost-effective opportunities within their retirement and discretionary savings portfolios.
ETFs on offer
To provide investors with exposure to local markets, Glacier will make the Satrix Top 40 ETF available. The TER (as at 30 March 2019) of this ETF is 0.10%.
Offshore markets can be accessed via Satrix’s rand denominated MSCI World, MSCI Emerging Markets, S&P500 and Nasdaq 100 ETFs, with TERs (as at 30 March 2019) ranging between 0.25% and 0.48%.
More benefits to investors
Many investors are using passive solutions when constructing portfolios on a core-satellite basis, and easy access to the low-cost ETFs will prove attractive for this strategy.
Glacier Financial Solutions (Pty) Ltd and Sanlam Life Insurance Ltd are licensed financial services providers.
Satrix Managers (RF) (Pty) Ltd (Satrix) is a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS.