Closure of MET Collective Investments

Thursday, 09 November 2017

The MET Collective Investments board took a strategic decision to exit the co-named partner collective investments industry and close the ’company’s collective investments scheme license. A process was initiated in October 2016 to assist co-named partners to facilitate the move of operational activities to new management companies. 

By the end of June 2017, all co-named partners had provided formal notice of their intended new management companies and several of their portfolios had already been amalgamated with these management companies’ portfolios. Some of the co-named partners also decided to close their portfolios. The process should be concluded by May 2018, with the vast majority of them amalgamated by the end of November 2017. 

Our operational environment is and will remain robust until all co-named partners’ portfolios have been amalgamated with their chosen management companies’ portfolios. 

Below is a list of all the portfolios with effective dates, showing whether they have already been amalgamated or closed or are in the process of being amalgamated or closed:

Co-named partner Portfolio Effective date Closed/Amalgamated Amalgamated to
36ONE Asset Management 36ONE MET Equity Fund Wednesday, 01 March 2017 Amalgamated BCI
36ONE MET Flexible Opportunity Fund Wednesday, 01 March 2017 Amalgamated BCI
Alpha Macro Fund Managers AMF MET Managed Fund Thursday, 18 January 2018 Closed  
Blue Quadrant Capital Management Blue Quadrant MET Worldwide Flexible Fund Friday, 24 November 2017 Amalgamated Prescient
Cannon Asset Managers Cannon MET Equity Fund Saturday, 13 February 2016 Amalgamated H4
Cannon MET Flexible Fund Thursday, 01 December 2016 Amalgamated H4
Contego Asset Management  Contego B1 MET Income Plus Fund Monday, 09 October 2017 Amalgamated BCI
Contego B2 MET Protected Income Fund Monday, 09 October 2017 Amalgamated BCI
Contego B3 MET Protected Balanced Fund Monday, 09 October 2017 Amalgamated BCI
Contego B4 MET Property Fund Monday, 09 October 2017 Amalgamated BCI
Contego B5 MET Protected Equity Fund Monday, 09 October 2017 Amalgamated BCI
Contego B6 MET Value Equity Fund Monday, 09 October 2017 Amalgamated BCI
Contego B7 MET Growth Equity Fund Monday, 09 October 2017 Amalgamated BCI
Contego MET Wealth Accumulator Fund of Funds Monday, 09 October 2017 Amalgamated BCI
Contego MET Wealth Creator Fund of Funds Monday, 09 October 2017 Amalgamated BCI
Contego MET Wealth Preserver Fund of Funds Monday, 09 October 2017 Amalgamated BCI
Counterpoint Asset Management Counterpoint MET Balanced Plus Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET Cautious Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET Enhanced Income Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET High Yield Equity Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET Moderate Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET Value Fund Saturday, 02 December 2017 Amalgamated Sanlam
Counterpoint MET Global Equity Feeder Fund Saturday, 02 December 2017 Amalgamated Sanlam
Destiny Destiny Multi Asset MET Fund of Funds Monday, 04 September 2017 Amalgamated BCI
Destiny Prudential MET Fund of Funds Monday, 04 September 2017 Amalgamated BCI
Fairtree Capital  Fairtree MET Equity Fund Friday, 28 April 2017 Amalgamated Prescient
Fairtree MET Flexible Balanced Fund Friday, 28 April 2017 Amalgamated Prescient
Fairtree MET Smart Beta Fund Friday, 28 April 2017 Amalgamated Prescient
MET Income Plus Fund Friday, 28 April 2017 Amalgamated Prescient
GCI Asset Management GCI MET Balanced Fund of Funds Saturday, 02 December 2017 Amalgamated Sanlam
GCI MET Balanced Plus Fund Saturday, 02 December 2017 Amalgamated Sanlam
GCI MET Flexible Fund of Funds Saturday, 02 December 2017 Amalgamated Sanlam
GCI MET Income Fund Saturday, 02 December 2017 Amalgamated Sanlam
GCI MET Stable Fund of Funds Saturday, 02 December 2017 Amalgamated Sanlam
GCI MET Worldwide Flexible Fund Saturday, 02 December 2017 Amalgamated Sanlam
Imalivest (Pty) Ltd Imalivest MET Balanced Fund Saturday, 09 September 2017 Amalgamated Sanlam
Imalivest MET Worldwide Flexible Fund Saturday, 09 September 2017 Amalgamated Sanlam
Imara Asset Management  Imara MET Balanced Fund Friday, 30 June 2017 Amalgamated BCI
Imara MET Equity Fund Friday, 30 June 2017 Amalgamated BCI
Imara MET Income Fund Friday, 30 June 2017 Amalgamated BCI
Insight Capital Asset Management Insight Capital MET Flexible Fund of Funds Monday, 04 September 2017 Amalgamated BCI
JM Busha JM Busha MET Real Return Fund Saturday, 02 December 2017 Amalgamated BCI
Absa MET Capital Preserver Plus Fund Thursday, 18 January 2018 Closed  
First Avenue MET General Equity Fund Thursday, 01 March 2018 Amalgamated Sanlam
Lion of Africa Lion of Africa MET Real Return Fund Thursday, 18 January 2018 Closed  
Lion of Africa MET Equity Fund Thursday, 18 January 2018 Closed  
MetCI MET Global Diversified Feeder Fund Thursday, 01 February 2018 Closed  
MIC MET Odyssey Balanced Fund of Funds Monday, 27 November 2017 Amalgamated Momentum Collective Investments
MET Odyssey Conservative Fund of Funds Monday, 16 October 2017 Amalgamated Momentum Collective Investments
Maru Maru MET SWIX Enhanced Fund Saturday, 11 November 2017 Amalgamated Sanlam
Metope Investment Managers Metope MET Property Fund Wednesday, 01 February 2017 Amalgamated Prescient
Northstar Asset Management Northstar MET Income Fund Saturday, 09 September 2017 Amalgamated Sanlam
Northstar MET Managed Fund Saturday, 09 September 2017 Amalgamated Sanlam
Perpetua Investment Managers Perpetua MET Balanced Fund Tuesday, 28 November 2017 Amalgamated Sanlam
Perpetua MET Equity Fund Tuesday, 28 November 2017 Amalgamated Sanlam
Public Investment SOC Corporation Limited PIC MET Bond Fund  TBC Amalgamated Old Mutual
PIC MET Money Market Fund  TBC Amalgamated Old Mutual
Platinum Portfolios Platinum MET Balanced Fund of Funds Wednesday, 03 May 2017 Amalgamated BCI
Platinum MET Income Provider Fund of Funds Wednesday, 03 May 2017 Amalgamated BCI
Platinum MET Worldwide Flexible Fund Wednesday, 03 May 2017 Amalgamated BCI
Rootstock Investment Management Rootstock MET Worldwide Flexible Fund Tuesday, 06 December 2016 Amalgamated Sanlam
Saffron Wealth Saffron MET Active Bond Fund Saturday, 02 December 2017 Amalgamated Sanlam
Saffron MET Opportunity Income Fund Saturday, 02 December 2017 Amalgamated Sanlam
Saffron MET Top 20 Fund Saturday, 02 December 2017 Amalgamated Sanlam
Sasfin Asset Managers Sasfin MET Balanced Fund Friday, 04 November 2016 Amalgamated BCI
Sasfin MET Equity Fund Friday, 04 November 2016 Amalgamated BCI
Sasfin MET Prudential Fund Friday, 04 November 2016 Amalgamated BCI
Sasfin MET Stable Fund Friday, 04 November 2016 Amalgamated BCI
Sasfin MET Flexible Income Fund Friday, 04 November 2016 Amalgamated BCI
Bruce Stewart Investment & Financial Planner CC Stewart MET Absolute Return Fund of Funds Monday, 20 November 2017 Amalgamated BCI
Stewart MET Macro Equity Fund of Funds Monday, 20 November 2017 Amalgamated BCI
Third Circle Asset Management (changed  portfolio manager to Momentum Outcome-based Solutions (Pty) Ltd on 29 July 2016) Third Circle MET Defensive Fund of Funds Wednesday, 26 October 2016 Changed name  
MET Defensive Fund of Funds Monday, 16 October 2017 Amalgamated Momentum Collective Investments
Third Circle MET Flexible Fund of Funds Wednesday, 26 October 2016 Changed name  
MET Flexible Fund of Funds Monday, 07 May 2018 Amalgamating Momentum Collective Investments
Third Circle MET Target Return Fund Wednesday, 26 October 2016 Changed name  
MET Target Return Fund TBC Closing  
Third Circle MET Protected General Equity Fund Wednesday, 26 October 2016 Changed name  
MET Protected General Equity Fund Wednesday, 01 February 2017 Closed  
Third Circle MET Protected Income Fund Wednesday, 26 October 2016 Changed name  
MET Protected Income Fund Wednesday, 22 February 2017 Closed  
Third Circle MET Protected Worldwide Flexible Fund Wednesday, 26 October 2016 Changed name  
MET Protected Worldwide Flexible Fund Wednesday, 22 February 2017 Closed  
Truffle Asset Management Truffle MET Balanced Fund Wednesday, 01 March 2017 Amalgamated Sanlam
Truffle MET Flexible Fund Saturday, 11 November 2017 Amalgamated Sanlam
Truffle MET Flexible Income Fund Saturday, 11 November 2017 Amalgamated Sanlam
Truffle MET General Equity Fund Saturday, 11 November 2017 Amalgamated Sanlam
Truffle MET Institutional Equity Fund Saturday, 11 November 2017 Amalgamated Sanlam
Truffle MET Money Market Fund Saturday, 11 November 2017 Amalgamated Sanlam
Warwick Funds  Warwick MET Enhanced Income Fund Monday, 04 September 2017 Amalgamated BCI
Warwick MET Equity Fund Monday, 04 September 2017 Amalgamated BCI
Warwick MET International Fund of Funds Monday, 04 September 2017 Amalgamated BCI
Warwick MET Balanced Fund Monday, 04 September 2017 Amalgamated BCI
Warwick MET Balanced Fund of Funds Monday, 04 September 2017 Amalgamated BCI
Warwick MET Property Fund Monday, 04 September 2017 Amalgamated BCI
Warwick International Managed Fund Monday, 04 September 2017 Amalgamated BCI

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