Africa-Press – Eswatini. Assets under management (AUM) stand at E8.19 billion in the current period with African Alliance holding 45.32 per cent of the total assets.
AUM is a key metric in the financial world, representing the total market value of all the financial assets that an individual or financial institution manages on behalf of their clients.
According to the Financial Services Regulatory Authority (FSRA) Quarterly Statistical bulletin for the second quarter of 2023, the domestic market had a total of E5.19 billion allocated to it, indicating an increase of 4.22 per cent when compared to the last quarter.
Assets under management in the common monetary area (CMA) accounted for E2.17 billion, indicating an increase of 14.81 per cent within three months.
The report states that offshore investments amounted to E 838 million, which is an increase of 10.70 per cent when compared to the previous quarter.
It highlighted that when comparing market share, African Alliance rose to the podium and held 45.32 per cent of the total assets, moving from 43.45 per cent, which translates to 1.87 per cent growth in three months.
drop
African alliance was followed by Stanlib, which held 41.62 per cent of the assets and this was a slight drop from 43.94 per cent which they held in the previous quarter.
Old Mutual also observed an increase as it held 12.14 per cent in the current period, moving up from 11.61 per cent in the previous period.
FSRA further noted that during the period under review, it was observed that African Alliance holds 51.52 per cent of funds sourced from companies; followed by Stanlib which accounts for 44.03 per cent; Old Mutual at 3.63 per cent; and Inhlonhla at 0.82 per cent.
“The funds have, however been fluctuating over the years and quarters,” concluded FSRA.
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