Spooked SA investors avoided equities in 2019
Multi-asset portfolios reigned in the local collective investment scheme industry, says Asisa
25 February 2020 - 20:04
SA investors shunned local equities in 2019, data from an asset management association shows, as companies from retail to manufacturing battle to increase profit growth against a gloomy domestic economic backdrop.
The Association for Savings & Investment SA (Asisa), which represents most of the country’s asset managers, said investors in the local collective investment scheme (CIS) industry opted for multi-asset portfolios, which held 49% of the industry’s assets in 2019, with equities holding only 18%...
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