(Khanchit Khirisutchalual/ Getty Images)
Data from the Association for Savings and Investment SA (Asisa), which represents the sector, said local CIS assets rose to R3.57 trillion in the first quarter of 2024, from R3.49 trillion at end-December 2023. The data also showed that participating CIS management companies (Mancos) achieved total net inflows of R103 billion in the year to end-March 2024.
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