B2B Central

CIS

20 Aug 2021

CIS assets under management near the R3 trillion threshold

By Staff Writer

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.

28 May 2021

Majority of local investors miss out on strong stock market recovery: ASISA

By Staff Writer

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.
25 Feb 2020

SA investors shy away from equities in 2019 unlike their international peers

By Janice Roberts

The local Collective Investment Schemes (CIS) industry reported strong net inflows of R123.2 billion for 2019, despite recording a rare quarterly net outflow in the fourth quarter.
12 Nov 2019

Investors continue to favour interest bearing portfolios over equities

By Janice Roberts

South African investors committed R48 billion in net inflows to local Collective Investment Schemes (CIS) in the third quarter of this year, bringing to R137 billion the total net inflows for the 12 months to the end of September 2019.
06 Aug 2018

Local CIS industry grows investor assets to R2.3 trillion

By Janice Roberts

Investors committed a healthy R26 billion in net inflows to the local Collective Investment Schemes (CIS) industry over the quarter ended June 2018. The CIS industry is the custodian of R2.3 trillion in assets belonging to ordinary South Africans.
24 May 2018

ASISA: A tough first quarter for local collective investment schemes

By Janice Roberts

The local Collective Investment Schemes (CIS) industry reported a 3.2% drop in assets under management for the first quarter of this year as a result of difficult market conditions and subdued net inflows on the back of bruised investor sentiment. According to the CIS industry statistics for the quarter and year ended March 2018, released...
13 Apr 2018

Novare CIS responds to FSCA fine statement

By Janice Roberts

Novare CIS has responded to the press statement issued by the Financial Sector Conduct Authority (FSCA) on Friday, 13 April 2018 regarding the matter of a fine issued against Novare to the value of  R30,000.
13 Apr 2018

Novare CIS fined R30 000

By Janice Roberts

The Registrar of Collective Investment Schemes as he was referred to in section 7 of the Collective Investment Schemes, 45 of 2002(CISCA) referred a case against Novare CIS (RF) (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board, the latter being the predecessor of the Financial Sector Conduct Authority (FSCA). In...
14 Nov 2017

Local investors not deterred by turbulent investment climate

By Janice Roberts

The local Collective Investment Schemes (CIS) industry continues to attract steady net quarterly inflows as local investors seem undeterred by the current turbulent political and economic environment.
30 Nov 2015

Approval of first CIS hedge fund offering

By Janice Roberts

The FSB has today approved the first collective investment schemes in hedge funds. The schemes, one a Qualified Investor Hedge Fund (QIHF) and the other a Retail Investor Hedge Fund (RIHF), are registered under the Novare Collective Investments management company.
13 Nov 2015

Half of CIS assets invested in Multi Asset portfolios

By Janice Roberts

Half of all assets under management in local Collective Investment Schemes (CIS) are now invested in Multi Asset portfolios. These portfolios invest across the equity, bond, money and property markets with an expert asset manager deciding on the appropriate mix.