10X Investments announced that it has agreed to a 100% cash purchase of CoreShares. 10X said this deal, subject to regulatory approvals, will create a full-service South African indexing investment specialist, with more than R31 billion in assets under management. 10X and CoreShares clients, as well as other SA savers and investors, will have access to a wide range of ‘best-in-class’ products at the ‘fairest’ fees possible. These include ESG investments and a greater use of technology-based solutions. 10X has historically not serviced advice channels, however the enlarged company will cater for advisors.
