There is an apocryphal story about how a horse racing tipster convinced gamblers that he had a crystal ball. He would begin by writing to many of them with his prediction for the next big race. In reality he would tip a different horse to each group of recipients; the next week he would only selectively write to those who had received the last winning tip. After a couple of iterations, the small group of punters who had received only winning tips would be convinced of his genius.
With more or less than 10 unit trusts , asset manager Allan Gray is home to 3 funds featuring in our Top 10 Heavyweights by fund size in years of 2020s.
The JSE allowed listings and trading of the Actively Managed ETF in 2023.
Total assets under management (AUM) has breached the R3 trillion mark in 2022.
