What is Unit Trust?
A unit trust is a form of collective investment constituted under a trust deed. A unit trust pools investors’ money into a single fund, which is managed by a fund manager.
What Is The Best Unit Trust In South Africa?
There are currently some 1,261 registered unit trusts on offer in SA, with a whopping R1,9 trillion invested in them, according to the Association for Savings and Investment South Africa (Asisa), which released industry statistics this week.
We compiled a list of the 10 biggest unit trusts, which together represent almost a third of the total unit investment trusts investments.
Below the unit trusts are ranked according to assets under management (AUM) as of 31 March 2018 — versus their AUM in the same period three years ago.
Allan Gray’s leading unit trust, the Balanced Fund, saw a 33.2% increase in AUM over the past three years.
But its Equity Fund, together with Foord’s Balanced Fund and Coronation’s Balanced Defensive Fund, all saw a fall in assets under management over the same period.