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SA’s notoriously risk-averse investors appear to have taken a bigger plunge into equity funds than usual as inflation begins to wreak havoc on returns in supposedly safe money-market funds.

According to data from the Association for Savings & Investment SA,  R24bn of net flows landed in multi-asset funds in the year to end-March. If you exclude reinvestments (dividends and interest) the amount is closer to R11.6bn with the chunk of it landing in multi-asset high equity funds. The take-up of equity funds was also not too shabby, with net flows of R6.9bn over the same period...

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