Guiding consumers since 2009

Offshore retail funds still attract investors

By Staff Writer

Offshore retail funds are continuing to attract investors in spite of volatile world markets, says Di Turpin, chief executive of the Association of Collective Investments (ACI).

"Net inflows in these foreign currency-denominated retail funds totalled 459 million rand in the March quarter on top of the 803 million rand in the previous three months," she points out.

But institutional funds had a net outflow of just over one billion rand during the quarter – 443 million from equity funds and 602 million rand from fixed interest. This brought the total net investment for all foreign-denominated funds (institutional and retail) to a negative 586 million rand during the quarter, she adds.

The ACI figures show that foreign retail equity funds were the preferred destination the past quarter, with net inflows from this segment totalling 210 million rand. Asset allocation funds attracted 185 million rand and fixed interest 64 million rand.

 

Recent Articles

Featured Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Debt counselling – the two sides of the coin

Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?

Travel ban – how to claim for the loss incurred

As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?

How to finance and insure a second-hand vehicle

Buying a second-hand vehicle may suit your budget better than acquiring a new one. But what impact does an older model have on vehicle finance and car insurance? We reached out to specialists in the field to explain what the financial implications are of pursuing a second-hand vehicle.

Deals

Get 30% back when you fill up with your Absa card

Price: Available on request
When: Daily
Where: Nationwide

Get 50% back in eBucks when you apply for an FNB home loan

Price: Available on request
When: Daily
Where: Nationwide

Get 50% off your online fees when you pay with Capitec card

Price: Available on request
When: Daily
Where: Online