As easy as pi trillion in AUM
As the world continues to go mad all around us, with China still insisting on city-wide lockdowns in response to the nth wave of coronavirus and Ukrainian citizens cowering in apartment blocks and subway stations as Russia bombs them, the South African Collective Investment Schemes (CIS) industry has steadily ticked up to R3.14 trillion in assets under management. This, for those among you who took high school science, is also the start of the mathematical ratio pi, 22/7 or 3.14159265359 etc. For further education, pi represents the relationships between a circle’s circumference and its diameter.