SA’s economic woes prompt record demand for safer assets, says Anchor
05 September 2019 - 07:45
Anchor Group, which provides private client, asset management and stockbroking services, said on Wednesday its assets under management had grown 11% to R54.4bn so far in 2019, with the group benefiting from increasing investor demand for fixed-income products.
The JSE group said shortly before markets closed on Wednesday it had seen a record demand for fixed-income assets amid the “most challenging investment environment in decades”. Anchor, led by CEO Peter Armitage, was benefiting from this, it said, even though the margins earned on these assets were lower than equities...
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