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Insights into South Africa's Top Asset Managers
South Africa's investment sector thrives amidst evolving trends and challenges. A recent survey by Alexander Forbes unveils key insights into the country's investment landscape, highlighting top asset managers and prevailing industry trends.
- Ninety-One Leads: Ninety-One maintains its position as South Africa's largest asset manager, with R823 billion in assets, followed closely by Stanlib and Coronation.
- Concentration of Assets: The top 10 asset managers collectively hold 62% of total assets, indicating their significant influence in the market.
- BEE Compliance and Responsible Investing: More asset managers are achieving Broad-Based Black Economic Empowerment (BEE) compliance, while there's a growing commitment to responsible investing principles.
- Offshore Investment: Facing domestic economic challenges, asset managers are turning to offshore investments, particularly in strong-performing global equities.
- Embracing Technology: Asset managers are increasingly integrating artificial intelligence (AI) and machine learning (ML) into their operations, recognizing the potential for enhanced decision-making.
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