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Page 4 - முடிசூட்டுதல் நிதி மேலாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Coronation cuts fees

MONEYWEB LIVESTREAM 00:01  Open: Coronation is concerned about retirees. Image: Moneyweb Active fund manager Coronation Fund Managers will be cutting fees for two of its funds which are focused on retirees. Fees on its Balanced Defensive and Capital Plus funds will be reduced 10 basis points from 0.85% to 0.75% with effect from April 1. These cuts were accompanied by a 12-month fee holiday for its Strategic Income fund, which would see the fee it charges its customers drop from 0.45% to 0.35%. Pieter Koekemoer, head of personal investments at Coronation, says the fee cuts were driven by many of its customers switching from its multi-asset funds to income funds.

Coronation: Overweight in SA equities

MONEYWEB app instead? But comes in for criticism for its environmental, social and governance policies at its AGM. 00:01  Open: There s excellent value in South African commodity shares says CFM CIO Karl Leinberger. Image: Supplied Coronation Fund Managers (CFM), one of South Africa’s largest fund managers with R595 billion assets under management, is currently overweight in SA equities after being underweight for most of the last decade. Addressing shareholders who were attending the group’s annual general meeting on Wednesday, chief investment officer Karl Leinberger said there is “excellent value” in South African commodity shares. He believes decarbonisation will drive demand in some commodities for more than a decade and that this will be underpinned by the constrained global supply of these commodities.

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