Press Release

Unit trusts have long been a cornerstone of investment portfolios, offering both novice and seasoned investors opportunities for growth and financial stability.

For 27 years, the Profile Group and its subsidiary, PlexCrown™ Fund Ratings, have been at the forefront of providing calculated performance data used to determine the top-performing unit trust awards.

The unit trust industry, which began in 1965 with the launch of the Sage Fund, has grown exponentially. By the 1990s, industry research houses in South Africa were awarding funds for superior performance. The number of funds has since surged, reflecting the market's rapid maturation. Today, South African rand investors have access to more than 1 800 local and over 500 offshore funds, demonstrating the industry's expansive growth.

It is worth noting that in the calculation of the award winners, performance methodologies used by data providers may vary slightly and even a marginal difference in returns can yield different winners. To add to the potential mix, research houses have introduced awards that are calculated on a risk-adjusted basis.

The Profile Group is proud to introduce a refreshed awards program designed to reflect the industry's transformation and our commitment to adapting in this ever-changing landscape. While the core principle of rewarding funds for the best returns remains unchanged, modifications will incorporate recent market developments to ensure the awards reflect the current investment environment accurately.

Ahead of the 2024 Awards, the Profile Group is also introducing a new quarterly feature, 'The Running of the Bulls'. This initiative will spotlight funds leading in selected ASISA and Offshore categories.

To further enhance transparency within the industry, a comprehensive set of award rules will be published. We welcome feedback and comments from industry stakeholders, in order to foster collaboration and inclusivity in the awards process.

Join us as we applaud the top performers and inspire new standards of excellence in fund management!

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