Coronation reports record assets, but can it come out of its peers' shadow?

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Coronation CEO Anton Pillay.
Coronation CEO Anton Pillay.
Photo: Supplied

Coronation achieved record assets under management in the year ended on 30 September, thanks to favourable market conditions this year and lower outflow of money from its funds compared to the recent years.

In the three years preceding this record performance, Coronation saw its assets under management decline to below R600 billion, due to a below-par investment performance and a shrinking base of formally employed people.  

But in the year to end-September, the assets that Coronation manages on behalf of clients reached R634 billion. This was almost double the R339 billion in assets under management the firm had a decade ago.

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