Sa­trix for me

Finweek English Edition - - Letters - SA­TRIX SUP­PORTER

I HAVE GREAT re­spect for Vic de Klerk’s knowl­edge and ex­pe­ri­ence as an in­vestor and I read his col­umn reg­u­larly. In ad­di­tion to Fin­week, I read Sake in Die Burger ev­ery day, and also Per­sonal Fi­nance quar­terly.

I’ve since learned – as De Klerk ap­par­ently also has – that it’s bet­ter to in­vest in Sa­trix than in unit trusts. The costs are much lower and the per­for­mances of unit trusts fluc­tu­ate a great deal, be­cause of changes in per­son­nel or pol­icy – even if you stay with a (for­mer) win­ner.

I agree that peo­ple should in­vest in ITX EURO 50 rather than in ITX FT 100. I’m also wary of re­sources shares. That’s why I avoid Sa­trix Resi. When Sa­trix 40 was in­tro­duced, I started in­vest­ing in it and, with the ar­rival of Sa­trix Indi and Fini, in them too.

The latest is­sue of Per­sonal Fi­nance re­ports that the re­turns on the Sa­trix funds were as fol­lows (six and 12 months): 17,28 and 40,31; Indi – 32,33 and 40,36; Fini – 25,75 and 36,01; Resi – 7,17; Swix – 19,48. I want high as well as steady re­turns. Your ar­gu­ment against re­sources shares makes it prefer­able to in­vest in Sa­trix Swix rather than in Sa­trix 40 – even though you pre­vi­ously de­scribed Swix as an un­nec­es­sary fund. I also con­sider Sa­trix Fini as vul­ner­a­ble, be­cause of pos­si­ble fu­ture Gov­ern­ment pol­icy, and change­able, due to pe­ri­odic in­ter­est rate ad­just­ments.

My New Year’s res­o­lu­tion is there­fore to chan­nel my money to Sa­trix Indi and Swix in fu­ture rather than to in­vest in Sa­trix 40 and Fini.

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