Absa Multi Management tops R35 billion-mark

Assets under management and administration at fast-growing Absa Multi Management (AMM) topped R35 billion for the first time at mid-year, positioning them as one of the five largest multi asset managers in South Africa.

Johan Gouws, AMM Chief Investment Officer, attributed sustained strong growth to a significant increase in institutional business and the growing appeal of core AMM offerings such as its range of managed CPI portfolios.

“The market remains challenging,” says Gouws. “Both retail and institutional investors are looking for asset allocation expertise and robust processes that provide a good prospect of inflation-beating returns within a sound governance framework.

“We continue to deliver competitive returns, despite this uncertain environment and have been rewarded with good asset retention and substantial inflows.”