
CIS industry tops R4 trillion as investors ride JSE rally
Only R23bn of the R146.13bn in annual net inflows was fresh capital, yet reinvested dividends and interest helped push AUM to R4.16 trillion.
Only R23bn of the R146.13bn in annual net inflows was fresh capital, yet reinvested dividends and interest helped push AUM to R4.16 trillion.
Despite a turbulent first quarter marked by political discord and trade-tariff shocks, CIS managers attracted R48bn in net inflows – the highest quarterly figure since 2020.
Reinvested income and strong interest-bearing portfolio performance led to net inflows of R85.82 billion in 2024.
Assets under management grew to a R3.8 trillion, up 13.7% year-on-year, supported by strong equity market performance.
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
Excluding reinvestments, the local CIS industry experienced net outflows in the year and the quarter to the end of March 2024.
ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.
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