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The multi-asset income funds with the highest inflows

Citywire analyses which local income unit trusts have attracted the most money over the past 12 months.

Funds in the ASISA South Africa multi-asset income category have enjoyed a surge of popularity in recent years. Between the end of June 2017 and the end of June this year, the category almost doubled in size from R128.7bn to R234.1bn.

By way of comparison, the multi-asset high equity category grew from R454.4bn to R492.9bn. 

Investors have clearly been attracted by the returns on offer during a period when the JSE has disappointed. The top-performing income funds have produced annualised returns of over 9.5% over the past three years, while the FTSE/JSE All Share Index has managed less than 4.0%.

To some extent this is reflected in the list of funds with the highest inflows. A number of the top-performing funds have seen substantial growth in assets.

The Sasfin BCI Flexible Income fund, for instance, which has performed strongly over the past three and five years, has more than doubled in size over the past 12 months.

What is most striking, however, is that the six largest funds in this category are all amongst the top seven in terms of inflows over the past 12 months. This is despite mixed recent performance. 

Scroll through the slides to see which funds in this category received the highest inflows between 1 August 2019 and 31 July 2020 according to Morningstar data.

 

 

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Funds in the ASISA South Africa multi-asset income category have enjoyed a surge of popularity in recent years. Between the end of June 2017 and the end of June this year, the category almost doubled in size from R128.7bn to R234.1bn.

By way of comparison, the multi-asset high equity category grew from R454.4bn to R492.9bn. 

Investors have clearly been attracted by the returns on offer during a period when the JSE has disappointed. The top-performing income funds have produced annualised returns of over 9.5% over the past three years, while the FTSE/JSE All Share Index has managed less than 4.0%.

To some extent this is reflected in the list of funds with the highest inflows. A number of the top-performing funds have seen substantial growth in assets.

The Sasfin BCI Flexible Income fund, for instance, which has performed strongly over the past three and five years, has more than doubled in size over the past 12 months.

What is most striking, however, is that the six largest funds in this category are all amongst the top seven in terms of inflows over the past 12 months. This is despite mixed recent performance. 

Scroll through the slides to see which funds in this category received the highest inflows between 1 August 2019 and 31 July 2020 according to Morningstar data.

 

 

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