Sharenet Sites 
Sharenet Sites
RMI Holdings, Yellowwoods back CoreShares
CoreShares Index Tracker Managers (RF) Proprietary Limited
PropTrax SAPY
Share code: PTXSPY ISIN: ZAE000101911
PropTrax Ten
Share code: PTXTEN ISIN: ZAE000155362
PrefTrax
Share code: PREFTX ISIN: ZAE000185658
DivTrax
Share code: DIVTRX ISIN: ZAE000190104
LowVolTrax
Share code: LVLTRX ISIN: ZAE000190112
Top50
Share code: CTOP50 ISIN: ZAE000204327
(collectively “the Portfolios”)
in the CoreShares Index Tracker Collective Investment Scheme (formerly Grindrod Index Tracker
Collective Investment Scheme)(“the Scheme”) registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF) Proprietary
Limited (formerly Grindrod Index Tracker Managers Proprietary Limited)(“the Manager”)
Press Release:
RMI Holdings, Yellowwoods back CoreShares
Today passive investment house CoreShares announced its agreement to partner with pre-eminent
financial services holding companies RMI Holdings and Yellowwoods Capital Holdings.
RMI Holdings announced its intention in September 2015 to buy a 25% stake in CoreShares, a company
in Grindrod’s financial services division. RMI holds material investments in Momentum (MMI) and
Discovery, and controlling stakes in OUTsurance and RMB Structured Insurance. RMI Holdings’ investment
in CoreShares will form part of its new RMI Affiliates model.
Yellowwoods Capital Holdings is to also acquire 25% of CoreShares. Yellowwoods is a member of the
Europe based global investment and private equity focused Yellowwoods Group with investments in
Hollard Insurance, Clientele Life, and Lombard amongst others.
“CoreShares is excited to be working with both Yellowwoods and RMI Holdings,” said Gareth Stobie, MD
of CoreShares. “Together with Grindrod, we have excellent partners with the right chemistry, capital and
strategy to make a meaningful difference to the South African investment landscape.”
“Aside from the solid endorsement of our business, the new shareholders will assist us with additional
growth capital and access to potential networks and distribution channels”.
Stobie sees scope for the passive investment market to grow in South Africa as it has done globally. “Most
active managers are underperforming their benchmarks and their value proposition relative to the
developments within the smart beta space are under scrutiny” he said.
The investment house, which manages six exchange traded funds (ETFs), has gained traction in the
passive investment market particularly with its smart or enhanced beta products and services. Its two
flagship ETFs, the CoreShares S&P SA Dividend Aristocrats and CoreShares S&P SA Low Volatility, both
tracking smart beta strategies, have achieved “excellent results”.
CoreShares is looking to expand its smart beta offering as well as offer multi-asset and global exposures.
CoreShares will extend its services to portfolio management and unit trusts within the passive market. A
digital investment platform is also planned for the first half of 2016 to enable direct retail investors who don’t
yet have access to the Johannesburg Stock Exchange to seamlessly buy ETFs.
The transaction remains subject to regulatory approval.
End.
8 December 2015
Sponsor:
Grindrod Bank Limited
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