CoreShares is one of Africa’s leading passive investment management businesses. We specialise in index-tracking investment solutions across Exchange Traded Funds (ETFs), Unit Trusts and segregated mandates (for institutions).

In a market known for over-charging and under-delivering, CoreShares has taken a stand against the prevailing investment practices and is perfecting a passive, low-cost investment approach based on evidence.

We’re a contemporary, independent investment manager. We focus on passive investment principles and processes – investment strategies wrapped up in an index or rules-based form.

CoreShares offers these products and services at very competitive fees.

Our Shareholders

RMI Investment Managers forms part of RMI Holdings (RMIH, a JSE listed company). RMIH holds material investments in Momentum (MMI), Discovery, and a controlling stake in OUTsurance. RMI Investment Manager’s investment in CoreShares forms part of its new RMI Affiliates model.

GFS is an investment holding company owned by JSE listed Grindrod Limited Group. GFS holds various financial services assets and its affiliate companies include Grindrod Bank Limited and Bridge Fund Managers.

Known for their innovative and pioneering products, OUTsurance Holdings Limited is a member of, and 87% owned by Rand Merchant Investments Holdings Limited.

Evidenced-Based Investment (EBI) Philosophy

Evidence-Based Investing is essentially about basing investment decisions on peer-reviewed, time-tested, academic evidence. By applying scientific methods and behavioral economics to investing,  biases and gut feelings are replaced with intellectual rigour.

At CoreShares we harness the evidence underpinning:

  • Asset class returns over time
  • Importance of keeping costs low
  • Importance of diversification
  • Existence of factors or risk premia which exist particularly in the equity market.

We believe that an EBI process drives more predictable outcome for clients.

History

We’ve come a long way since we launched our first ETF in 2012, constantly learning, evolving and changing to ensure that we build a remarkable passive investment business. Here are some highlights from along the way:
2012
Grindrod Bank listed PrefTrax the first Preference share ETF on the JSE
2013
Purchased PITM which managed the first and largest listed property ETFs in the SA market PropTrax SAPY (listed in 2007) and PropTrax Ten (listed in 2011)
2014
Forged new partnership with S&P DJI (worlds largest index provider)Listed two innovative smart beta ETFs based on S&P indices CoreShares LowVolTrax and CoreShares DivTrax
2015
Name change to CoreSharesName change to Amalgamation with Betta Beta (Nedbanks’ ETF business)Listed S&P SA Top50 ETFRMI & Yellowwoods take 50% stake in the CoreShares business
2016
Appointed portfolio manager of Investment Solutions mulit-asset unit trust portfoliosAmalgamation with Betta Beta became effectiveETFs listed on 3 African ExchangesCoreShares listed the first S&P 500 ETF on the JSE
2017
Launch of CoreShares OnlineLaunch of OUTvestOUTsurance acquires 25% stake in CoreSharesLaunch of the CoreShares Scientific Beta Multi Factor Fund
2018
Won inaugural SALTA award for most assets raised in local equity ETF (Top50)Listed Global Dividend Aristocrats ETF Launched ACWI CIS FundGroup assets under management > R4 Billion

Meet the Team

Gareth Stobie
Chris Rule
Wion Flett
Gregory Heyman
Emelia Maharaj
Mandla Hendricks
Mxolisi Siwundla
Yaron Zimbler
Ryan Massey
Sibusiso Mela
Michelle Noth
Marubini Maboyi
01 / 12 Managing Director Gareth Stobie
“If you interested in something, no matter what, go at it full speed ahead” — Roald Dahl
02 / 12 Head of Products and Client Solutions Chris Rule
03 / 12 Head of Investments, Risk and Manco Ops Wion Flett
“You will be much more in control, if you realize how much you are not in control.” — Benjamin Graham
04 / 12 Retail Specialist Gregory Heyman
“You have brains in your head and feet in your shoes. You can steer yourself in any direction you choose!” — Dr. Seuss
05 / 12 Operations Officer Emelia Maharaj
“Sometimes the simplest things are the most profound” — Carolina Herrera
06 / 12 Compliance Manager Mandla Hendricks
07 / 12 Product Analyst and Investors Relations Mxolisi Siwundla
08 / 12 JSE Sponsor & Advisor Yaron Zimbler
09 / 12 CoreShares Market Maker Ryan Massey
10 / 12 Manco Administrator Sibusiso Mela
11 / 12 Client Coverage Executive Michelle Noth
12 / 12 Junior Portfolio Manager Marubini Maboyi
“I had to get off the boat so I could walk on water, this ain't no tall order, this is nothing to me. Difficult takes a day, impossible takes a week.” — Shawn C. Carter