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Anchor Capital Expands Investment Access With New JSE Funds

South African asset manager Anchor Capital has launched two actively managed exchange-traded funds (AMETFs) on the Johannesburg Stock Exchange, expanding investment options as traditional finance firms increasingly compete with crypto products for retail investors.

Details of the newly listed funds

The newly listed funds Anchor EasyETFs Aspirant Global Equity AMETF (AAGEET) and Anchor EasyETFs Aspirant SA Equity AMETF (AASAET) give investors access to actively managed stock portfolios through an ETF structure, a model that mirrors some of the transparency and accessibility features that helped drive crypto adoption.

The move comes as financial firms look for lower-cost products aimed at younger and more digital-first investors, a group that has increasingly shown interest in crypto and tokenized assets.

Just recently, Africa Bitcoin Corporation (formerly Altvest Capital)  received approval from the Johannesburg Stock Exchange to transfer its listing from the AltX to the JSE Main Board under the General Segment.

AMETFs target younger investors with lower fees

The AAGEET fund focuses on global stocks selected under Anchor Capital’s growth-at-a-reasonable-price (GARP) strategy. The portfolio includes major companies such as Alphabet, Ferrari, Fortinet, and Uber.

Meanwhile, AASAET tracks Anchor Capital’s local equity strategy and becomes the first fully discretionary South African equity AMETF on the JSE that does not rely on factor investing.

Both funds carry management fees of 0.7% excluding VAT. Anchor said it aims to reduce total expense ratios below 1% as assets grow, targeting cost-conscious investors.

Does ETF growth mirror trends seen in crypto markets?

AMETFs have seen significant growth in South Africa since regulatory changes introduced in 2022 allowed the first listings on the JSE.

Industry assets have since grown from zero to about R19 billion, with projections pointing to roughly R145 billion by 2030 following market trends.

Anchor is also partnering with EasyEquities, which will act as the management company for the products. The partnership combines Anchor’s investment management expertise with EasyEquities’ retail platform, which already holds around R35 billion in ETF assets.

 

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