FOR GROWTH

Looks at in­vest­ment plat­forms for the av­er­age in­vestor

CityPress - - Business And Tenders & Auctions -

WHERE CAN I FIND OUT MORE?

Choos­ing the right unit trust, ETF or sav­ings ac­count is not easy as there are many prod­ucts on of­fer. How­ever, there are a va­ri­ety of ways to nar­row down the field. “You can get a fi­nan­cial ad­viser to help you or there are on­line tools that ask you ques­tions and then rec­om­mend prod­ucts. How­ever, the tools will only be as good as the qual­ity of the in­for­ma­tion you put into them,” says Botha.

Fur­ther re­search can be done by delv­ing into fund fact sheets, which are gen­er­ally avail­able on­line. You can also con­sider rat­ings awarded by rating agen­cies, such as Morn­ingstar, and awards such as the Rag­ing Bull Awards. How­ever, these aren’t guar­an­tees of per­for­mance for the fu­ture.

“Rat­ings and re­wards are fo­cused on the short term, whereas fund fact sheets will of­fer you bet­ter guide­lines on per­for­mance,” says Ng­wane.

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