SA's collective investment schemes grew 3% to a R3.27 trillion in the second quarter of 2023 relative to the first, but this was largely a result of a strong equity market performance, and under pressure consumers have been tapping their unit trusts.
SA's collective investment industry grew its net assets 3% in the second quarter of 2023 relative to the first, the Association for Savings and Investment South Africa said on Thursday.
This is according to statistics released by the Association for Savings and Investment South Africa , which said the industry saw net outflows of R10.4 billion during the quarter. "During the second quarter, the repo rate increased by 0.5% to a 14-year high of 8.25%, which placed an additional burden on consumers servicing debt like home loans and car repayment," Asisa senior policy advisor Sunette Mulder said in a statement.
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