Unit trusts: investment timeframe key
In 2000, the collective investments industry had only R117 billion assets under management, with R44 billion in equity funds, R6 billion in asset mix funds and R33 billion in money market funds. Industry assets have since ballooned to R1.5 trillion, with R300 billion in equity funds, R630 billion in asset mix funds and R250 billion in money market funds. This is despite the temporary setback of the most severe global downturn in 2008/2009 since the great depression.