SA stocks and long-term government bonds are cheap, but not excessively so

How foreign investors and rating agencies view the outcome of the general election will affect the direction of bond yields and equity prices.

Assets held by collective investment schemes reach new record high

ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.

FSCA publishes extensive draft Conduct Standard for CIS managers

Implementing the draft Conduct Standard will have cost implications for CIS managers – some of which may be substantial, particularly for smaller managers.

CIS industry sees record annual inflow over past 12 months

Despite net inflows in the first quarter of this year tapering off from last year’s high levels, the total annual net inflows of R203.83 billion are the highest ever achieved by the local […]

Not fake news – Local CIS industry records historic net inflows in 2nd quarter

Undeterred by the Covid-19 induced market volatility, investors committed R88 billion in net inflows to local Collective Investment Scheme (CIS) portfolios during the second quarter of this year. According to the Association for […]

ASISA quarterly stats – Local CIS portfolios favour interest bearing portfolios

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended March 2020. The CIS industry reported net inflows of R23 billion […]

FSCA Expectations of CIS managers during COVID-19

The FSCA published Communication 23 of 2020 (CIS) recently to acknowledge the impact of the COVID-19 global pandemic on collective investment schemes and their investors. The focus of the communication is specifically to […]

Local CIS investors cautious – Opting for interest over equities

The local Collective Investment Schemes (CIS) industry completed the second quarter of this year with assets under management of R2.4 trillion, spread across 1 607 portfolios. Almost half of these assets were held in South […]

Local CIS investors cautious – Opting for interest over equities

Strong CIS inflows – Industry stats show high positive trend

The local Collective Investment Schemes (CIS) industry reported strong net inflows of R52.8 billion in the first quarter of this year, the third highest quarterly net inflows recorded in five years. This is […]

Strong CIS inflows – Industry stats show high positive trend

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 […]

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

CIS industry stats – Investors undeterred by volatility

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the third quarter ending September 2018. Besides the stock market volatility, a troubled economy and […]

CIS Portfolio Performance Guidelines

CIS Information Circular 30, published on 12 July 2017, contains guidelines from the Registrar regarding the publishing and disclosure of CIS portfolio performance. The Registrar has noted that some managers of Collective Schemes Investments are […]

Registrar authorises portfolios to ‘side pocket’ ABIL debt

The Registrar of Collective Investment Schemes (CIS) will allow CIS managers to create new funds, known as “side pockets”, to host African Bank Investment Limited (ABIL)’s debt instruments. The move seeks to assist […]

Hedge Fund Regulation a Step Closer

The National Treasury and the Financial Services Board (FSB) published a Joint media statement outlining their preliminary response to stakeholder comments on proposals released in September 2012 for regulating hedge funds. Annexure A, […]