How to reduce the number of accidents – do not forget your time horizon
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How to reduce the number of accidents – do not forget your time horizon
Stanlib Collective Investments
Stanlib Collective Investments
Q2 of 2023 | 3 years ago
The local Collective Investment Schemes (CIS) industry attracted net annual inflows of R213 billion in 2020 – the highest ever in the 55-year history of the industry. The majority of the flows (86%) went into interest bearing portfolios i.e. money market and income portfolios. This should not come as a surprise as these portfolios have been the best performing ‘asset class’ in the local market over the past three to five years. Quite simply, cash has been king. However, we know that investing based only on past performance can cause a lot of accidents.
Met Collective Investments in it s heydays administered almost a quarter of all SA registered third party funds before it s consolidation with Momentum Investments after merger of Metropolitan and Momentum in 2017.
In 2020, Cannon Asset Management, was bought by Seriti Capital Partners, after the transaction its s retail unit trusts dissappeared from retail.