It is unclear what to make of the ever-growing number of unit trusts available on the market. By the end of December last year, the total had ballooned to 1,626. Five years before there were 967. And it should be no surprise that total assets under management also grew significantly — by 83%, to be exact, to reach R2.25 trillion.With so many different funds to chose from, what is an investor or adviser to do?"The number of funds is quite concerning, but one must also understand which are the funds that are increasing," says Leigh Köhler, head of research at Glacier by Sanlam."The large growth has been in the multimanager area. Big companies, funds of funds or multimanagers are launching solution funds to provide for a specific groups of clients."Regulation 28 drove the balanced fund industry because it provides a good solution that normally encapsulates the best across asset classes."Regulation 28 previously limited funds to an exposure of only 25% to international assets and 5% int...

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