PIETER HUGO: Moving unit trust funds out of SA assets after crash was ill-considered
The extra diversification investors have gained after the coronavirus-induced market crash has come at a great cost
13 June 2021 - 15:56
Over the past year there has been a flood of funds in the unit trust industry moving out of SA assets after the coronavirus market crash, via new investments and switches.
In the year to end-March an astounding R41.4bn moved into the Asisa global funds category, which is more than the entire previous five years’ total of R40.8bn (March 2015 to March 2020). This is only the sum that went into locally domiciled global funds; even more would have been sent directly offshore into myriad foreign-domiciled investments...
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