Business

CIS investors sacrifice returns for safety amid volatile market conditions

0

Investor jitters led many to withdraw from riskier portfolios, despite consistent long-term performance

27 September 2024 – 16:38

by Nompilo Goba

SA’s collective investment schemes (CIS) industry has seen robust growth in assets under management, but investor caution has resulted in significant net outflows as market volatility and political uncertainty drive a “safety-first” approach.

The latest figures from the Association for Savings and Investment SA (Asisa) reveal that the CIS industry managed assets totalling R3.64-trillion by the end of the second quarter of 2024, reflecting a modest 2% growth from the previous quarter…

Source

South Africa has much work to do in developing digital IDs

Previous article

Joint statement: World Rabies Day

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Business