Closure of Absa money market fund hurts unit trust sector’s inflows

📆 02/12/2021 22:57:00
📰 BDliveSA

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Italia Notizia Notizia

Asisa data shows unit trust inflows fell to a five-year low in the third quarter after the closure of Absa's money market fund saw clients cash out 🔒

SA’s unit trust industry saw net inflows for the rolling 12-month period to end-September fall to the lowest level in five years, after the closure of Absa’s money market fund earlier in 2021 resulted in clients channelling money away from the sector.

Statistics published by the Association for Savings and Investment SA on Thursday showed that Collective Investment Schemes attracted just under R68bn in net inflows for the 12 months to end-September. However, Asisa said that that was the lowest level of total inflows into the sector for any of the corresponding 12-month periods in the preceding five years. That was despite the sector attracting net inflows of R27bn in the third quarter alone...

Scrivi un Commento

As easy as that!

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Keep the power on: Battery energy storage systems are a valuable investmentSPONSORED | Solar power and battery energy storage systems are great options for your business’s future energy mix, says AbsaSouthAfrica.
Fonte: TimesLIVE - 🏆 28. / 59 Leggi di più »