Umbrella funds heed the infrastructure and sustainable investing call
30 June 2022
There is growing evidence that South Africa’s standalone and umbrella funds are heeding government’s call to invest more in local infrastructure, and the world’s call to invest for environmental and social sustainably. The 41st Sanlam Benchmark survey noted that investment in infrastructure had increased across the retirement sector, with umbrella funds increasing their asset allocation to this category from 4.7% to 15.5%, and standalone funds from 6.6% to 10.6%. “Investments in assets that can impact the environment and society have increased somewhat too, but there is still a gap in knowledge around what ESG investing means,” noted the report.