Alexforbes Assets under Management (AuM) review Are your investments growing with you?

* AuM as reported in the Alexforbes AuM survey June 2022 - these figures represent AuM for SA clients only (Domestic, Africa and International assets) and the review of AuM is based on these figures. Rankings are based on the Total AuM figures.

According to the June 2022 Alexforbes Assets under Management (AuM) survey, which looks at assets owned by South African clients only, Ninety One Asset Managers was the biggest South African asset manager, consolidating its 2021 position with an increase in assets of 13%. STANLIB AM stayed in second spot, with a decrease in assets of 5%, while SIM leapfrogged Coronation into third spot with an increase in assets of 3% from June 2021.

Alexander Forbes Investments continues to be the biggest multi-manager in South Africa filling seventh position. Multi-management is an investment approach that allows the multimanager to select and combine many singleasset managers, across different asset classes and styles of money management, into one portfolio solution.

The growth of assets managed by multimanagers, relative to those managed by single managers has been steady. When looking at the total AuM in the 2016 survey, the single manager versus multi-manager split was 86%:14%. In 2022 the split was 80%:20%.

The total assets under management of participants in the survey increased by 3% from June 2021, with the concentration still remaining among the top 10 asset managers. The AuM held by this group constituted 64.7% of the assets for the total universe of 77 managers participating in the survey.

The June 2022 survey universe grew by five compared to the 70 investment managers in the June 2021 survey. Seven investment managers entered the survey while two exited.

The new entries in the survey were:

Balondolozi (re-entry)

Cachalia Capital

Differential Capital

Ensemble Capital

PortfolioMetrix

Volantis

Weaver

The exits from the survey were:

Cadiz

Ngwedi Capital