Unit trust inflows top R47bn - Asisa

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. 



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