More investment schemes
The Association for Savings and Investment South Africa (Asisa) released stats showing that 2016 saw an increase of 193 collective investment schemes to a total of 1 520. This is far too many for a modest market. Sure, this includes offshore and asset classes aside from just listed shares. The good news for investors, aside from trying to determine which – if any – to buy, is that this level of funds means costs must be under pressure.