Interest-bearing short-term unit trusts were the clear winners of fund flows in South Africa during July as the momentum into money-market-type assets continued. The month also saw a strong reversal in the bad fortune of multi-asset high-equity or balanced funds since the start of 2024, Morningstar data shows.
Unit trusts classified as South African interest-bearing short-term funds, according to the Association for Savings and Investment SA (Asisa), saw an estimated R9.5bn of inflows in July. Since the beginning of the year, this fund category has seen R13.4bn in net inflows.
The global equity general class was the second-best-performing unit trust sector regarding flows, with R4.2bn in new inflows, bringing its year-to-date haul to R8.7bn in net inflows.
