Sygnia launches FAANG Plus Equity Fund
Magda Wierzycka, CEO of Sygnia.
The Sygnia FAANG Plus Equity Fund is the first investment vehicle of its kind in South Africa, offering local investors concentrated access to the world’s leading disruptors across social media, technology, cloud storage, online retail and entertainment.
The FAANG acronym stands for Facebook, Amazon, Apple, Netflix and Alphabet’s Google. Sygnia’s FAANG Plus Equity Fund, a unit trust, amalgamates those companies and a few more giants in the technology space, like Alibaba and Microsoft, to deliver easy investment access to companies that are shaping and redefining the future, and which have already achieved the critical mass needed to continue scaling up their respective offerings.
Sygnia CEO Magda Wierzycka says, “Given Sygnia’s positioning as an innovative fintech market disruptor, we thought it appropriate to offer local investors the opportunity to invest in global giants at the forefront of the 4th Industrial Revolution. Amazon is the third largest retailer in the world, after Walmart and CVS, without having a single physical store; Netflix has moved from streaming to movie production; Apple has created a massive, loyal human and electronics ecosystem; and 87% of searches on the internet are done via Google.”
“It will be very difficult to disrupt these companies in the near future as they gobble up competitors and patents. They also have access to massive amounts of capital.” says Wierzycka.
The Sygnia FAANG Plus Equity Fund is a domestic unit trust that holds offshore assets, so investors do not need to use their foreign investment allowance to access the fund. The fund is benchmarked against the NYSE FANG+™ Index.
