Investors reap the rewards of staying the course in (global) equities
Excluding reinvestments, the local CIS industry experienced net outflows in the year and the quarter to the end of March 2024.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreExcluding 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.