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Annual CIS stats – Industry shoulders tough markets and attracts net inflow of R93.5 bn

The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion.

The annual CIS industry statistics for 2018 was released by the Association for Savings and Investment South Africa (ASISA) last week. The results indicate that the local CIS industry showed remarkable resilience last year despite tough market conditions.

“Despite lower net inflows and a negative return of 8.5% by the JSE All Share Index (ALSI) for the 12 months to the end of December 2018, the industry’s assets under management declined only slightly from R2.25 trillion at the end of 2017 to R2.24 trillion at the end of 2018”, Sunette Mulder, senior policy adviser at ASISA commented.

According to the statistics the bulk of these assets are held in SA Multi Asset portfolios (49%), followed by SA Interest Bearing portfolios (29%), SA Equity portfolios (19%) and SA Real Estate portfolios (3%).

In ASISA’s media release they further focus on investor trends, where the inflows came from as well as offshore portfolios.

Click here to download the English version of the media release.

Click here to download the Afrikaans version of the media release.

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