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| By Staff Writer |
Q2 of 2024 | 2 months ago |
It was announced in late 4th quarter of last year (2023) that there are talks of merge of Anchor Group , the wholly owner of Anchor Capital , with a UK-based wealth and asset management company Credo, the transaction is touted to make a north of R230 Billion asset management and the entities will adapt a new name CACM Investement.
The good news for the involved parties is that the institution which is task to scrutinise transaction like this for monopolistic conflicts, Competion Commision , has given the merge the thumbs up to proceed.
| Did You Know ? |
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| Ninety One overall assets under management are hovering around 3 trillion , that's almost the entire size of out unit trusts industry. |
| The JSE allowed listings and trading of the Actively Managed ETF in 2023. |
| UK-based M&G Pls increased its stake to asset manager Prudential FM and the manager renamed M&G Investments in 2023. |
| Asset manager Coronation was the first introducer of absolute unit trusts funds in our local industry in 1999. |
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