Balanced funds have been an important part of the South African savings landscape for many years. When we launched the Allan Gray Balanced Fund in 1999, multi-asset equity funds represented approximately 6% of the overall unit trust industry, but grew steadily over the next 10 years to reach around 25% in 2010, and just under 40% at the end of 2022. Multi-asset high-equity funds, or balanced funds, represent over half of this category and were a key part of this growth.

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