The Association for Savings and Investment South Africa has reported that the local collective investment schemes industry received net inflows of R108 billion in 2022, raising the industry’s total assets under management to R3.14 trillion. The last time the industry was above the R3-trillion threshold was in the fourth quarter of 2021, after which it battled turbulent stock markets, with AuM falling to R2.98 trillion. It only recovered in the fourth quarter of 2022.
33 billion in 2022 – much better than the R0.59 billion posted in 2021 and R2.45 billion in 2020. “Seeing strong growth numbers for the industry is a welcome development and hopefully indicates that hedge funds in South Africa are increasingly being accepted as an important investment tool in mitigating market volatility,” said Hayden Reinders, the convenor of the Asisa hedge funds standing committee.
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