Coronavirus Causes Panic – Global Market Recap
February 24, 2020
Sharenet Sites 
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.
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(Adds comment from environmental group Rainforest Action Network) By Elizabeth Dilts Marshall NEW YORK, Feb 24 (Reuters) – JPMorgan Chase…
* Revolut raises $500 mln in Series D round * Fresh backing led by U.S. investor TCV * App has…
(Adds Lucid statement and background) SEOUL, Feb 25 (Reuters) – South Korea’s LG Chem Ltd said on Tuesday it will…
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* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Markets price in risk of pandemic, deep damage to world economy * Nikkei…
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* European stocks tumble, Italy down more than 5% after virus spread * Thirty-year Treasury yields set record low *…