News Formal

SA unit trust assets back above R3-trillion

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business Business Headlines News

Asisa stats show the unit trust industry’s assets rose to R3.01-trillion as of end-September after dropping to R2.98-trillion in the second quarter

SA Collective Investment Schemes , or unit trusts, saw their assets under management climb back above the R3-trillion mark in the third quarter despite ongoing volatility in financial markets worldwide during that period.

Statistics released by the Association for Savings and Investment SA on Thursday show the CIS industry’s assets rose to R3.01-trillion as of end-September thanks to net inflows of R39bn in the third quarter. The local CIS industry first passed the R3-trillion milestone in the fourth quarter of 2021, when it finished the year with R3.14-trillion in AUM...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA unit trust assets back above R3-trillionAsisa stats show the unit trust industry’s assets rose to R3.01-trillion as of end-September after dropping to R2.98-trillion in the second quarter
Source: BDliveSA - 🏆 12. / 63 Read more »