PSG Asset Management announced today that its PSG Diversified Income Fund has recently grown to over R1 billion in size on the back of good performance and increasing support. In addition, the Fund was recently awarded the coveted five PlexCrown ranking in the Plexcrown Survey to 30 June 2016.
“We are delighted to have reached such a major milestone and look forward to continuing to grow the Fund,” said Ian Scott, fund manager and head of PSG’s fixed income team.
The Fund joins five of PSG Asset Management’s other core funds that are over R1billion, the biggest being the PSG Flexible Fund which stood at over R7.8billion as at the end of July 2016. Overall, PSG Asset Management has approximately R27 billion in funds under management.