WATCH: Why the asset management industry needs to change
FundCraft chief strategy officer Gandy Gandidzanwa talks to Business Day TV
05 August 2021 - 07:51
byBusiness Day TV
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Despite a number of boutique asset management companies entering the market over the past few years, the industry remains heavily concentrated.
According to the latest figures from the Association for Savings and Investment SA, the seven largest companies in the collective investment schemes industry have a market share of 56% by assets under management. FundCraft believes this is because of systemic failures that make it difficult for investors to explore other options.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Why the asset management industry needs to change
FundCraft chief strategy officer Gandy Gandidzanwa talks to Business Day TV
Despite a number of boutique asset management companies entering the market over the past few years, the industry remains heavily concentrated.
According to the latest figures from the Association for Savings and Investment SA, the seven largest companies in the collective investment schemes industry have a market share of 56% by assets under management. FundCraft believes this is because of systemic failures that make it difficult for investors to explore other options.
Alishia Seckam spoke to FundCraft chief strategy officer Gandy Gandidzanwa.
FundCraft chief strategy officer Gandy Gandidzanwa talks to Business Day TV
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