CIS industry sees R42.3bn in net inflows as investor confidence rebounds
Assets under management grew to a R3.8 trillion, up 13.7% year-on-year, supported by strong equity market performance.
Assets under management grew to a R3.8 trillion, up 13.7% year-on-year, supported by strong equity market performance.
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.
But AUM grew by 11% when measured over the 12 months to the end of September.