Funds within the Affiliation for Financial savings and Funding SA (Asisa) South Africa interest-bearing short-term class took in whole web inflows of R29.3 billion over the previous 12 months in response to Morningstar.
These flows have been, nevertheless, extremely concentrated. The six largest unit trusts on this sector have been the six largest beneficiaries. In whole, they took in web inflows of R29.7 billion.
Mixed, these six funds account for 74.3% of the property on this class.
Notably, nevertheless, their short-term efficiency has not been category-leading. 4 of the six underperformed the class common over the 12 months to the top of June. None of them are high quintile over this era.
Two of them have underperformed the class common over three years, and two extra are solely barely higher than common. Just one – the Absa Core Earnings Fund – is a high quintile performer over 36 months.
In distinction, the six top-performing funds over the previous 12 months obtained web inflows of simply R862 million. Two of them noticed web outflows.
To see which funds took within the highest web inflows over this era, scroll via the slides.
Word: The PSG Wealth Enhanced Curiosity Fund transformed into the PSG Wealth Enhanced Curiosity Fund of Funds from December 1, 2020. The inflows mirrored for this unit belief are due to this fact merely the motion from one portfolio into the opposite.
Patrick Cairns is South Africa Editor at Citywire, which supplies perception and data for skilled buyers globally.
This text was first revealed on Citywire South Africa right here, and republished with permission.