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PSG Asset Management

PSG Asset Management

PSG Asset Management is an established, recognised and respected investment management company with a simple, but comprehensive, range of local unit trusts and international funds. PSG Asset Management offers investment management to long-term retail and institutional investors based on a bottom-up approach with a strong emphasis on risk management.

PSG Collective Investments (RF) Limited is running a ballot to convert the PSG Wealth Enhanced Interest Fund from a standard portfolio to a Fund of Funds portfolio and will be named the PSG Wealth Enhanced Interest Fund of Funds.

Your action is required: Cast your vote by completing the ballot form
Please read the ballot letter and Annexure A for a detailed comparison of the portfolios, complete the attached ballot form to vote, then sign and return it to our auditors, PricewaterhouseCoopers (PwC), in the enclosed self-addressed envelope or by email to ballot@za.pwc.com. The form must reach PwC by midnight on 12 October 2020. Click here for the ballot letter.


Benefits to the change
We are seeking to change the Fund’s structure from a standard portfolio to a fund of funds portfolio. Benefits to the change include:

  • A fund of funds portfolio allows for higher levels of diversification and the fund manager can tap into portfolios consisting of various underlying assets.
  • Through increased diversification, a fund of funds benefits from less exposure to market volatility.
  • The main benefits of the conversion will be improved transparency and reporting for investors. Following the change to a fund of funds structure, investors will be able to obtain more information on the underlying unit trusts.
  • The underlying funds offer an additional layer of due diligence and protection. The managers of these funds have already conducted research on the underlying investment, and must report unit prices, asset allocation, performance and other key detail.
  • Additionally, the conversion aligns the portfolio with the existing processes followed throughout the PSG Wealth range and will improve operational efficiency and liquidity at the fund of funds level.

There will be no impact on investors as the portfolio will have similar exposure, and you will not be liable for any additional fees, charges, taxes or brokerage due to the conversion:

  • Tax treatment of income after the conversion: Income received is mainly in the form of interest received from non-equity securities. Interest is taxable at the marginal income tax rate of the investor, before and after the conversion.
  • Risk profile: The risk profile of the portfolio will remain similar.
  • Fee structure: The Annual management fees will remain unchanged.
  • The market (monetary) value of your units after the conversion will be equal to the value of the units you held before the conversion.

Effective date of the conversion will be 1 December 2020
This is provided that we obtain the necessary consent from investors and the Financial Sector Conduct Authority.

Unit Trusts

We offer a range of local unit trusts and global funds, to meet a full spectrum of investment needs.

Institutional Services

We offer a spread of investment options to institutional investors, helping you to manage investment risk and target your return objectives.

Investment Philosophy

We take a long-term view and evaluate all opportunities to look for the highest probability, real, risk-adjusted yields.

Fund Managers

Our business is led by a strong management team and is supported by the expertise of a highly-qualified, experienced fund managers.

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