CIS industry assets fall back below R3-trillion

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South Africa News News

Assets under management for the local CIS industry stood at R2.98-trillion at end-June 2022

SA’s collective investment schemes industry reported net inflows of R21bn for the second quarter of 2022, bringing total net inflows for the 12 months to end-June 2022 to R110bn.

However, despite the healthy net inflows in the second quarter, CIS assets under management fell back below the R3-trillion threshold, which was first achieved in the fourth quarter of 2021. AUM for the local CIS industry stood at R2.98-trillion at the end of June 2022, down from the R3.09-trillion recorded at end-March...If you have already registered or subscribed, please sign in to continue.

 

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