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However, the majority of investments made in the year ended March 2021 missed out on the strong stock market recovery as most of the money went into interest-bearing portfolios.
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Among SA unit trusts, lower-risk and international products were favoured by investors.
By Patrick Cairns, Citywire
20 Jan 2021 11:03
Image: Waldo Swiegers, Bloomberg
In a year of extreme market uncertainty, it is no surprise that lower risk and international products were favoured by investors last year. Excluding money market funds, the major beneficiaries of new inflows over the past 12 months were South African bond, local income, and global equity funds.
According to Morningstar data, four of the top 10 funds by net inflows in 2020 are in the Asisa South Africa interest-bearing short term category. Two more are South Africa multi-asset income funds, with two others being global equity general portfolios.