14 Nov 2023

Share

SA unit trust industry suffers R20bn asset drop amid JSE pressure

accreditation
Compiled by Garth Theunissen
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
South African Collective Investment Schemes (CIS), or unit trusts, saw the value of their assets drop in the third quarter due to market volatility.
South African Collective Investment Schemes (CIS), or unit trusts, saw the value of their assets drop in the third quarter due to market volatility.
Getty Images

South African Collective Investment Schemes (CIS), commonly known as unit trusts, saw the combined value of their assets drop by R20 billion in the third quarter as financial market volatility offset net inflows.

Data from the Association for Savings and Investment South Africa (ASISA) - which represents the local unit trust industry - showed that CIS assets under management (AUM) fell slightly to R3.34 trillion in the three months to end-September 2023, from R3.36 trillion at the end of the second quarter.

This was despite the local unit trust industry attracting net inflows of R9 billion, which failed to counteract pressure on the local stock market.

Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
Read more on:
unit trustsinvestmentsasisapersonal finance
heading
description
username
Show Comments ()
Rand - Dollar
18.74
+0.3%
Rand - Pound
23.48
-0.1%
Rand - Euro
20.09
+0.0%
Rand - Aus dollar
12.31
-0.4%
Rand - Yen
0.12
-1.1%
Platinum
939.20
+1.6%
Palladium
961.50
+0.3%
Gold
2,340.61
+0.1%
Silver
27.38
+0.7%
Brent Crude
89.50
+0.6%
Top 40
70,240
+1.3%
All Share
76,291
+1.2%
Resource 10
63,430
+1.7%
Industrial 25
104,810
+0.9%
Financial 15
16,395
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Partner Content
SMEs make up 40% of SA’s GDP— here’s how the JSE is helping them grow

3h ago

SMEs make up 40% of SA’s GDP— here’s how the JSE is helping them grow
How this work-from-home mom gets back-to-school ready with the help of Mac

26 Apr

How this work-from-home mom gets back-to-school ready with the help of Mac
Watch | Rhodes University Marks 120 Years of Academic and Cultural Milestones

26 Apr

Watch | Rhodes University Marks 120 Years of Academic and Cultural Milestones
Civil Engineering student Zaid’s building blocks to success start with his trusty Mac

25 Apr

Civil Engineering student Zaid’s building blocks to success start with his trusty Mac
Find more
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders
GooglePlayLink HuaweiGalleryLink AppleStoreLink
© 2024 (3.0.24094.4) 24.com. All rights reserved.
Terms and Conditions Media24 Privacy Policy Vulnerability Disclosure
Contact us Help with my subscription
Iab Logo