News Formal

Risk-averse investors miss equity rally as they rush to safety of money market

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

South Africa News News

JSE gains 23% in the second quarter while the Reserve Bank drives interest rates to historical lows

SA investors chose the safety of money market funds in the second quarter, even as the Reserve Bank cut interest rates to record lows, and potentially lost out on the rally in the JSE fuelled by monetary and fiscal stimulus.

In a record period for collective investment schemes such as unit trusts, they had R88bn of net inflows in the three months to June, according to data from the Association for Savings & Investment SA . That brought inflows for the first six months of 2020 to R111bn. Collective investment schemes allow investors to pool money to be invested in assets such as equities and bonds.

 

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

MARKET WRAP: Surging gold miners pull JSE higherSome hospitality stocks climb on eve of move to level 2 of the lockdown
Source: BDliveSA - 🏆 12. / 63 Read more »