The ETF industry globally boasts around $10 trillion in assets under management, across roughly 10,000 products. In South Africa, our local industry now stands at around R130bn (and c.130 products) and has been growing on average 23% per year since the global financial crisis. In September, the FCSA and the JSE announced that Actively Managed ETFs will be allowed to list in South Africa, which means we could see a much broader range of ETFs becoming available to investors locally.

Learning outcomes:

  • Understand the difference between Unit Trusts and ETFs
  • Learn how wealth managers use ETFs to build robust, well-diversified global investment portfolios
  • Explore how ETF investing and stock picking is complementary
  • Hear why the invention of ETFs has been compared to the invention of shipping containers in the 1950’s and why they are responsible for the “democratisation of investing”


Eric Balchunas

Senior ETF Analyst at Bloomberg Intelligence
Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence, where he leads the ETF and fund research and contributes to Bloomberg Opinion. He is a frequent speaker at industry events and conferences, as well as the co-creator of the Bloomberg podcast Trillions and Bloomberg TV’s ETF IQ. Eric is author of The Bogle Effect (2022) and The Institutional ETF Toolbox (2016). Eric holds a bachelor’s degree in Journalism and Environmental Economics from Rutgers University.

Nerina Visser

Director, ETF Strategist and Financial Advisor, etfSA
Nerina Visser is an ETF Strategist and Advisor, offering consulting and advisory services to the investment industry, financial advisors and private individuals with a specialist focus on Exchange Traded Products, benchmark indices and rules-based investment solutions. She is a director and co-owner of the etfSA Portfolio Management Company, a registered financial services provider, where she oversees the management of specialist investment portfolios of Exchange Traded Products for a broad range of clients. She is the former President of the CFA Society South Africa and serves as chairperson of the ASISA (Association of Savings and Investments in South Africa) ETF Standing Committee, as a member of the Johannesburg Stock Exchange Issuer Regulation Advisory Committee and Index Advisory Committee and is one of the founders of the Women in ETFs – South Africa chapter. She also serves on the Editorial Advisory Committee of the Collective Insight publication and is a retirement fund trustee. Nerina holds a BSc in Mathematical Statistics and Applied Mathematics from the University of Stellenbosch, an MBA specialising in Finance from the Stellenbosch Graduate School of Business and is a CFA charter holder. She is a regular market commentator in the media, host of the ETF Investor podcast, and a seasoned speaker at conferences, seminars and workshops, in South Africa, throughout Africa and on the global stage.

Victor Mupunga

Senior Research Analyst, Old Mutual Wealth Private Clients
Victor joined Old Mutual Wealth Private Client Securities in 2016 and is responsible for conducting research relating to all aspects of our investment portfolios, including top down, bottom up, idea generation, macro and asset allocation research. He also serves as Portfolio Manager of the PCS Equity Income Model Portfolio. Victor was previously employed as an Investment Analyst at Maestro Investment Management, where in addition to equity research, he was responsible for managing a number of private client equity portfolios on a discretionary basis and managing the client relationships. Prior to that, he was a Fund Accountant at Investment Data Services where he prepared and reviewed valuations and accounting records of hedge funds. Victor graduated from the University of Cape Town with a Bachelor of Business Science (Hons), Finance degree in 2007. He is also a CFA Charterholder.


Michelle Noth

Client Coverage Executive, CoreShares
Michelle joined CoreShares in May 2019 as the Client Coverage Executive. Prior to this, she spent 13 years working in the Financial Services sector in London, where she specialised in ETFs and passive investment solutions (working at iShares and BNP Paribas among others). Michelle graduated with Honours in Business Science from the University of Cape Town in 2004, majoring in Finance and Financial Accounting. Later, she was admitted as a CFA Charterholder in 2010. Michelle is passionate about serving clients and creating cost-effective investment solutions that consistently achieve the best possible returns.

Take the quiz on the Asset TV Platform to earn CPD points for this session here.

This session was part of the agenda for the acclaimed CoreShares Think Indexing Convention 2022. For more recorded sessions from convention, you can explore:

To register your interest to attend next year’s event, please fill in the form below:

"*" indicates required fields

Are you looking to get in touch? To ensure we get the most relevant person to call you back, please select whether you are a Private or Professional Investor below: