Anchor grows funds under management by 17%
Financial services group sees record demand for fixed-income assets including securities such as bonds
Wealth management firm Anchor Group grew its funds under management by almost a fifth in 2019 despite investors ditching equities for safer assets.
Anchor, which reported its full-year results to December on Friday, managed to grow its funds under management by 17% to R57.4bn. Adjusted headline earnings were down 9% to R69.4m for the period...