Unit trust outflows hit R6bn, but market performance pushes AUM higher
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
Excluding reinvestments, the local CIS industry experienced net outflows in the year and the quarter to the end of March 2024.
ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.