The Sharenet Group has over the last 30 years evolved from a pure data provision business into a fully-fledged financial services provider company, and in recent years, into two distinct business divisions:
An agnostic wealth management business with local and international focus; and an asset management business delivering risk-adjusted returns across a range of Collective Investment Scheme mandates.
Sharenet Group board of directors, as part of its continued review of Sharenet’s core business activities, have determined that, given the divergent paths between market data and asset management - there is no longer strategic rationale for operating an asset management business within the Sharenet Group.
This decision reflects Sharenet’s continued shift towards becoming an agnostic global platform business whereby Sharenet is recognised as the premier conduit between asset managers, financial advisors and end-user clients.
As a result, the Sharenet Board has, effective 25 June 2019, concluded a sale of Sharenet Investments to Management.
Sharenet Investments under the steady hand of CEO, JC Louw and Chairman, Kobus Louw will continue to operate under license agreement with Sharenet in South Africa, for a period of 5 years, focussing on providing Collective Investment Scheme and discretionary fund management solutions to independent financial advisors and their respective clients.
If you would like to access the Sharenet Investments website, please visit www.sharenetinvestments.co.za.
Should you require further information, please do not hesitate to contact the Sharenet Group.
NEWS feeds categorized by region. For a feed of all NEWS as it arrives, go to NEWS WIRE
23/12 It is "more important than
anything" to keep up the momentum for talks between the United
States and North Korea, South Korean President Moon Jae-in told
Chinese President Xi Jinping in Beijing on Monday.
10/12 Just Eat rejected a raised
takeover offer from Dutch-based technology group Prosus
on Tuesday because it significantly undervalued the company and
said it continued to back a rival all-share offer from
Takeaway.com.. . .
20/11 Unions are escalating a
crippling strike at South African Airways (SAA) after talks
broke down, leaving the state-run carrier at risk of liquidation
without a government guarantee to secure bank funding, a board
member said.. . .
15h58 The United Nations envoy to Libya
said on Saturday he hoped but "could not predict" whether
eastern oil ports shut ahead of a pending Berlin summit aimed at
reaching a truce in Libya would be reopened soon.
00h28 British Prime Minister Boris Johnson is
expected to start trade talks with the United States before
negotiating with the European Union, the Telegraph http://bit.ly/3anPPP2
reported on Friday.. . .
17/01 Oil prices steadied on Friday
as sluggish economic growth in China, the world's biggest crude
importer, raised concerns over fuel demand and countered
optimism from the signing of a China-U.S. trade deal.. . .
03h39 Donald Trump is expected to
meet with EU leader Ursula von der Leyen in Davos, Switzerland,
next week, three sources said on Friday, as tensions mount
between the allies over tariff threats and the. . .
01h09 U.S. consumer electronics retailer Best
Buy Co said on Friday that its board was conducting an
independent review on allegations of misconduct against Chief
Executive Officer Corie Barry after receiving an anonymous
letter.. . .
00h54 Front-month lean hog futures on
the Chicago Mercantile Exchange (CME) settled about 1% higher on
Friday, supported by fears that a weekend winter storm in the
Plains and Midwest would slow the transport of. . .
05h34 A vast stockpile of the indium
formerly held by China's Fanya Metal Exchange was sold on
Saturday, in a second attempt, as Kunming Rongke New Materials
bid around $416 million for the hoard.. . .
17/01 The Canadian dollar weakened
against its U.S. counterpart on Friday, as the greenback broadly
rose and investors saw risk that the Bank of Canada would remark
on the loonie's recent appreciation at an interest. . .
17/01 The Mexican peso scaled a more than
one-year high on Thursday as Latin American currencies rallied
after stronger-than-expected economic data from China fueled
optimism about global growth in the wake of a Sino-U.S. trade
truce.. . .
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