What is an Investment Company?
An investment company is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities.
Best Investment Companies In South Africa
Here are the best investment companies in South Africa where you can safely put your money in:
AllanGray
AllanGray was founded in 1973 and has grown to become one of South Africa’s finest investment companies. It offers a diverse variety of investment solutions to investors seeking capital gains and other financial advantages.
Coronation
Coronation is an investment company founded in 1993 by a group of investment professionals. The corporation is focused on asset management to deliver competitive returns for SA investors. Currently, the group manages around R629 billion (as of March 2021) worth of client assets.
Coronation offers investment options that encompass local and international markets. They categorize their instruments under long-term growth, income, and growth income to make it easier for investors to choose which product to get based on their financial targets.
IFM iTransact Fund Managers
The IFM investment company started in 1964 and became part of the JSE-listed Indequity Group in 2001. IFM offers a few Collective Investment Scheme portfolios. IFM offers investment options to both retail and institutional investors. Its products include:
- IFM Balanced Value Fund of Funds
- IFM Bond Fund
- IFM Equity Fund
- IFM Global Diversified Fund
- IFM Income Fund
- IFM Technical Fund
Prudential Investment Managers
Prudential offers a range of unit trusts suited to every risk profile and a profit target of SA investors. They manage a wide range of balanced funds, equity funds, income funds, property funds, tax-free accounts, and offshore investments.
They’re currently holding over R234 billion (as of 30 June 2020) worth of funds, making them one of the largest investment companies in South Africa. Some of the company’s products include:
- Prudential Global Balanced Fund (Denominations in Rand, USD, Namibian Dollar, or Sterling)
- Prudential Balanced Fund
- Prudential High Yield Bond Fund
- Prudential Enhanced Income Fund
- Prudential Money Market Fund
- Prudential 7% Target Income Fund
STANLIB
STANLIB was established in 2002 as the offspring of the joint venture between Liberty Life and Standard Bank. Their rapid growth, quick technological adaption, and continuous expansion of product offers catapulted them to be one of the favorite investment companies in South Africa.
Today, they manage around R614 billion worth of assets (as of March 2021). STANLIB handles a wide range of asset classes including fixed income, equities, and credit alternatives. They also have offshore investments for those who are interested in putting money into foreign assets.
- STANLIB Money Market Fund
- STANLIB Extra Income Fund
- STANLIB Balanced Cautious Fund
- STANLIB Balanced Fund
- STANLIB Global Balanced Fund.
What is the best investment to invest in South Africa?
Government Bonds: These bonds are issued by the South African government to raise capital for various projects and initiatives.
They are considered a safe investment option as they are backed by the government’s creditworthiness.