SPONSORED | Black market share of the total estimated South African savings and investment pool is 9%.
14 September 2020 - 08:40The BEE.conomics annual research report developed and published by 27four Investment Managers provides the most comprehensive review of the asset management industry with more than 11 years of data and intelligence.
The demand side in SA is changing, and investors have become much more discerning and less tolerant of lacklustre performance and high fees particularly in the case of active fund management. Institutional investors are also searching for diversified sources of return that can match longterm liabilities, cushion portfolios from the shocks of market selloffs, meet developmental goals and deliver inflation beating returns.
Retail penetration appears to be lethargically progressing with black-owned asset managers’ market share of the unit trust industry now at 9% represented by 25 firms managing 106 unit trust portfolios. There was little movement in the demographic composition of asset manager teams since 2019. None of the managers’ teams are homogenous and positively reflect both race and gender diversity.
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