The medium equity sector has been a no-man’s land. Many pension funds, for example, will offer members a choice between a high equity fund — which can invest up to 75% in equities — and a low equity fund — investing up to 40% — but not a medium equity fund, which can invest between 40% and 60%.

The medium equity category, at R56bn, is only a tenth of the size of the high equity category and a quarter of the size of the low equity category. There has been R1bn of outflows from the medium equity category over the past 12 months...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now