PSG Wealth retains Best Multi-Asset Low Equity award at 2024 Citywire DFM Awards

Dr Adriaan Pask

PSG Wealth has again shown its mettle in the Discretionary Fund Manager (DFM) space at the 3rd annual CityWire DFM Awards 2024.

PSG Wealth Income Fund of Funds took top honours for best Multi-Asset Income and the PSG Wealth Preserver Fund of Funds won for best Multi-Asset Low Equity (both in South African funds category). Held last night in Cape Town, the awards celebrate outstanding discretionary fund managers across South Africa. PSG Wealth also took the top position for Best Multi-Asset Low Equity offering last year.

The rise of DFM’s both locally and internationally has been driven largely by the need for specialist skills and research in an increasingly volatile investment environment, rising regulatory complexity and locally, the need for offshore expertise with the increase in Regulation 28 allowances.

With the proliferation of DFMs in South Africa, CityWire said it is becoming increasingly complex for Financial Advisers (FAs) to choose a DFM partner best aligned to the needs of their practice. These awards aim to help FAs to do this by recognising and showcasing excellence in the sector.

In terms of criteria for the Performance Awards, Citywire uses its proprietary ratings methodology of analysing 36 months of performance data across a range of The Association for Savings and Investment South Africa (Asisa) categories. Benchmarks utilised for reviewing risk-adjusted returns vary based on the type of portfolio that a DFM enters.

Speaking on yet another notable achievement for the firm, PSG Wealth Chief Investment Officer Dr Adriaan Pask says, “Such recognition provides independent evidence of the value our investment management team is adding to our adviser proposition and is also testament to the team’s exceptional performance and the quality of our services. Looking forward, these accolades motivate us to continually refine and evolve our proposition as well as to maintain the consistent quality performance and standards that our clients have come to expect,” concludes Dr Pask.