• M2M money train

    SA's biggest mobile operators have found a new revenue stream, says Gugu Lourie.

  • Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

Data provided by iNet BFA
Loading...
See More

Unit trust inflows top R47bn - Asisa

Apr 29 2013 12:44
money, grow, invest

(Shutterstock)

Related Articles

How to grow your savings

Property unit trust query

Fundisa investors get R4.8m bonus

Teenager: How do I invest R5 000?

The property-unit trust link

Cadiz launches new unit trust fund

 

Johannesburg - South Africa’s Collective Investment Schemes (CIS) industry continued to benefit from strong investor confidence in the first quarter of this year‚ attracting net inflows of R47bn – the second highest quarterly net inflows ever‚ Association for Savings and Investment South Africa (Asisa) says.

The highest ever net quarterly inflows of R63bn were recorded in the third quarter of last year and the third highest of R41bn were achieved in the fourth quarter of 2012.

The three consecutive quarters of record breaking net inflows for unit trusts and other local collective investment schemes resulted in the highest ever net inflows for any rolling 12 month period. A total of R166bn in net inflows was recorded for the year ended March 2013.

Releasing the quarterly statistics for the local CIS industry‚ Leon Campher‚ Asisa CEO‚ said that at the end of the first quarter this year‚ the local CIS industry managed assets of R1.28 trillion and offered investors 988 funds. In comparison total assets under management at the end of December 2012 stood at R1.20 trillion.

He pointed out that the industry’s assets under management almost doubled over the past five years. At the end of March 2009 assets under management were R611bn. 



Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

asisa  |  investing  |  unit trusts
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...