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商品編號: 9-221-020 出版日期: 2020/08/19 作者姓名: Egan, Mark;Armerding, Pippa Tubman;Botha, Dilyana Karadzhova 商品類別: Finance 商品規格: 27p 再版日期: 2020/12/01 地域: South Africa 產業: Financial service sector 個案年度: -
商品敘述:
In late 2017, Satrix, one of the largest passive asset management firms in South Africa and a pioneer in the industry since 2000, had to decide its strategy going forward in a market where passive asset management had become increasingly commoditized and competitive. Over the previous three years, as a result of increased competition and changing investor expectations, Satrix had faced increased pressure to reduce its management fees. The total expense ratio (TER) of the Satrix 40, Satrix''s flagship ETF, was 38 basis points (bps), more than double that of many of its new competitors. To maintain the company''s position in the industry, Satrix''s leadership was considering cutting the TER on its flagship ETF by almost 75% from 38 bps to 10 bps. The fee change would dramatically lower Satrix''s margins, but the company''s leadership was concerned that Satrix couldn''t afford to not make the change; nearly 10% of assets the company managed came from the Satrix 40. What should they do?
涵蓋領域:
Asset management;Competitive strategy
相關資料:
Case Teaching Note, (5-221-078), 18p, by Mark Egan
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