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Large multi-asset funds lose ground.
By Patrick Cairns
21 Jan 2021 00:01
The Allan Gray Balanced Fund saw net withdrawals of R13.3bn but is still comfortably the largest unit trust in the country. Image: Supplied
Local investors appear to be losing some of their affinity for the countryâs largest multi-asset unit trusts.
According to Morningstar data, eight of the 10 local funds with the highest net outflows last year are among South Africaâs 25 largest unit trusts overall. Four of them are in the top 10 by size.
All 10 of the funds that experienced the most substantial net outflows last year are multi-asset portfolios. Five are high equity funds, three are low equity funds, and there is one each from the multi-asset flexible and multi-asset income categories.