Despite the unprecedented claims and benefit payments made to policyholders and beneficiaries as a result of the Covid-19 pandemic, the life industry remains in robust financial health and well capitalised to honour the long-term contractual promises made to customers.
“Past performance is no guarantee of future performance,” has become an axiom of the investment industry. Yet too often, novice investors use positive returns in one financial year as a harbinger of anticipated growth for the next. The constant cycle of chasing past wins is a volatile one that does not account for a myriad of other factors, which influence investment outcomes.
The local Collective Investment Schemes (CIS) industry reported net outflows of R18 billion for the second quarter of this year following the closure of South Africa’s biggest money market fund. Releasing the CIS industry statistics for the quarter and year ended June 2021, Sunette Mulder, senior policy advisor at the Association for Savings and Investment South Africa (ASISA), explains that the second quarter CIS flow statistics provide a distorted picture.
The Association for Savings and Investment South Africa (ASISA) has taken note of the Green Paper on Comprehensive Social Security and Retirement Reform published yesterday by the Minister of Social Development, Lindiwe Zulu, for comment by 10 December 2021. A Green Paper is a government policy discussion paper that details specific issues and then points out possible courses of action in terms of policy and legislation.
The local Collective Investment Schemes (CIS) industry reported net inflows of R13.69 billion in the first three months of this year, taking to R203.83 billion the total net inflows for the 12 months to the end of March 2021.
By: Joao Frasco, CIO, Stanlib Multi-Manager The structure of market drawdowns is an interesting concept to inform investment decisions. This is particularly relevant as we continue to grapple with the ongoing temporary slowdowns in economic activity worldwide and market uncertainty. The South African equity market ended 2020 below its previous high in 2017, which technically...
The South African hedge funds industry ended 2020 with assets under management of R73.27 billion. Statistics released by the Association for Savings and Investment South Africa (ASISA) show that assets under management increased by R4.35 billion in 2020 from the R68.92 billion managed by local hedge funds at the end of 2019.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za