Delivering Global Custody and Depositary Services to ETF Specialists Serving Family Offices, High Net Worth and Retail Investors Northern Trust (Nasdaq: NTRS) has been appointed by Omba Investments
MONEYWEB
app instead?
A record year for unit trust inflows in 2020
The latest statistics from Asisa show that collective investment schemes took in their highest ever annual inflows last year. Hedge funds, however, saw money trickle out.
By Patrick Cairns, Citywire
10 Mar 2021 10:20
Image: Supplied
The local collective investment scheme (CIS) industry took in net inflows of R213bn in 2020. This is the highest annual net inflow in the industryâs 55-year history, according to the Association for Savings and Investment South Africa (Asisa).
It also took the total assets under management (AUM) in rand-denominated CIS funds to a record level of R2.73tn at the end of December.