The easiest starting point for most investors is to choose a good asset management company and then select a fund with a risk profile that matches theirs. The aim of this occasional series is to give you a deeper insight into local asset management companies. This week we focus on Coronation Asset Management. The five were later joined by 15 of their former Syfrets colleagues.
Coronation manages both institutional and retirement assets, and unit trust funds.
The balance is money managed for retirement funds and institutional investors. The company employs 45 people and has offices in Cape Town and Dublin. The mission A company wanting to succeed in a changing environment must be flexible and willing to adapt to market changes, says MD Thys de Toit. Coronation recently established an office in Dublin to manage its international operations. Investment philosophy Coronation's philosophy is driven by its belief that portfolio risk is reduced by thorough research, rather than by holding a greater number of shares in a diversified portfolio.