STEPHEN CRANSTON: Delivery and diverse portfolio help Ninety One secure a top position in pensions market
The asset manager aims to be bold, but its ‘local is lekker’ strategy is rather cosy and retro
30 September 2021 - 16:20
As a fund trustee, or the equivalent, within an umbrella fund it is important to remember that real savings are at stake. Behind every rand there is an ID number, so there is a limit to which choice of manager can be a social science experiment.
There is good reason that firms such as Ninety One, Coronation and Allan Gray have such a dominant share of the pensions market. Delivery. Over the past 10 years Ninety One (known until two years ago as Investec Asset Management) has delivered a 12.5% return, second only to Coronation, with which our pension fund is also invested...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.