The systematic decline of active funds
Active funds have been subjected to continuous waves of attack from passive alternatives, and the gist of the argument is that they are in some way inferior to their passive peers. The reasoning is mixed, but the argument s primary drivers are historic underperformance over the past five years, lower fees and fund costs, and high tracking errors vs what investors are expecting.
Rupert Hare, co-head of multi-asset, Prescient Investment ManagementWhile these points are valid, they’re also often subject to some serious framing by passive funds looking to aggressively capture assets under management (AUM) from other asset managers. They leverage off emotional biases of investors like the anchoring of views on recent performance and a degree of framing bias.
Financial behaviours SMMEs need to adopt during times of crisis
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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.
UK PACT South Africa announces project portfolio of over £3M
UK PACT South Africa announces project portfolio of over £3 million to support SA Government climate change priorities.
From:
9 March 2021
Following the launch of the programme’s first call for proposals in South Africa on 10 July 2020, the British High Commission is pleased to announce the allocation of more than £3 million in grant funding to 10 climate change mitigation projects under its UK Partnering for Accelerated Climate Transitions (UK PACT) Programme.
The projects were selected through a competitive process and respond to the climate change mitigation priorities of a number of key government institutions, in an effort to support South Africa’s just transition to a low-carbon, inclusive, climate-resilient economy and society. The organisations leading the projects and their partners will build capacity, raise awareness and offer technical assistance to a range of national, provincial and municipal g
SA life insurers see shock increase in death claims Business Insider SA
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There was a 40% increase in death claims from SA insurers last year - almost 120,000 more claims for funeral and life policy payouts than in 2019.
In January and February of this year alone, Old Mutual received R1.9 billion in death claims.
Still, the South African life insurance industry has more than double the legally required capital buffer in place.
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New numbers from the Association for Savings and Investment South Africa (ASISA) show that the life industry recorded 434,216 death claims in 2020 - almost 40% more than the 317,442 claims received in 2019.
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