Financial services group Sygnia has achieved a significant milestone, with its total assets under management and administration (AuMA) reaching a remarkable R318.1 billion. This represents an 11.6% growth compared to the previous year.
- Sygnia witnessed substantial growth in its institutional AuMA, which rose from R232.9 billion to R256.5 billion. This increase highlights the trust and confidence institutional investors have placed in Sygnia’s investment expertise.
- The retail AuMA also experienced a notable surge, climbing from R52.2 billion in 2022 to R61.6 billion. This growth demonstrates Sygnia’s success in attracting retail investors and meeting their investment needs.
- Sygnia’s asset growth was largely fueled by the outstanding performance of its international funds. Notably, technology-focused funds, such as the Sygnia FANG.AI and Sygnia 4th Industrial Revolution funds, played a significant role in driving growth in these markets.
- Sygnia’s revenue increased by 4.3% to R843.9 million, reflecting its strong financial position. Moreover, the company’s profit after tax grew by 4.5% to R300.4 million, underscoring its consistent profitability.
- Despite slightly lower final dividends of 123 cents compared to 130 cents in the previous year, Sygnia maintained its commitment to shareholders by declaring a total dividend of 210 cents per share for the year.
- Sygnia remains focused on key growth areas, including retail, exchange-traded funds (ETFs), and umbrella fund markets. The company plans to introduce new thematic investment products, enhance customer service through AI-enabled solutions, and optimize pricing and cost management to further expand its AuMA.