Consumers cash in unit trusts as cost-of-living crisis bites
Outflows reach R10.4bn but stronger share market pushes up assets under management, Asisa report shows
07 September 2023 - 16:59
Consumers tapped into their unit trusts in the second quarter to cushion themselves against the cost-of-living crisis as interest rates rose to a 14-year high, pushing up debt-servicing costs such home loans.
SA collective investment schemes encountered net outflows of R10.4bn in the April-June period, excluding the reinvestment of dividends, the Association for Savings and Investment SA (Asisa) said on Thursday in its quarterly report...
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