Local CIS industry attracts strong net inflows despite extreme market volatility
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GUEST – Sunette Mulder, senior policy adviser at the Association for Savings and Investment South Africa (ASISA)
Despite a turbulent start to the year for South African investors, the local Collective Investment Schemes (CIS) industry concluded the first quarter of 2025 with assets under management just shy of R4 trillion and the strongest net quarterly inflows in several years.
Sunette Mulder, senior policy adviser at the Association for Savings and Investment South Africa (ASISA), notes that a series of local and international upheavals led to a rollercoaster quarter for the South African stock market. The sudden withdrawal of the National Budget in February 2025 signalled discord within the Government of National Unity, leading to a sharp decline in the JSE All Share Index and a weakening of the Rand. While both recovered quickly, the trade tariff shakeup announced by the United States (US) in March triggered severe stock market volatility worldwide, and South African financial markets were not spared.
Despite a turbulent start to the year for South African investors, the local Collective Investment Schemes (CIS) industry concluded the first quarter of 2025 with assets under management just shy of R4 trillion and the strongest net quarterly inflows in several years.
Sunette Mulder, senior policy adviser at the Association for Savings and Investment South Africa (ASISA), notes that a series of local and international upheavals led to a rollercoaster quarter for the South African stock market. The sudden withdrawal of the National Budget in February 2025 signalled discord within the Government of National Unity, leading to a sharp decline in the JSE All Share Index and a weakening of the Rand. While both recovered quickly, the trade tariff shakeup announced by the United States (US) in March triggered severe stock market volatility worldwide, and South African financial markets were not spared.