Unit trust outflows hit R6bn, but market performance pushes AUM higher
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
Financial planner Lara Warburton says clients believe trustee-endorsed annuities don’t offer enough flexibility or returns to sustain them through long retirement periods.
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
Alexforbes is focusing on individual consulting as its main growth area, with in-fund asset flows of R3.5 billion for the year.
Introducing prescribed assets for retirement funds won’t solve South Africa’s solvency problems, directors say.
The higher-for-longer interest rate environment has kept investors away from risk assets, particularly in emerging markets.
The group grows its total assets under management by 5% and resumes declaring an interim dividend.
The final dividend was 14% higher than last year, while headline earnings rose by 11% to R1.033bn.
ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.
Insights from Ninety One on the sector’s investment flows, fee trends, and revenue growth.
But AUM grew by 11% when measured over the 12 months to the end of September.