This represents 8.7 per cent growth when compared to 10.6 per cent decline in total assets in 2021.
According to the report, the compound annual growth rate for the industry between 2015 and 2021 was 33 per cent, or 14 per cent per annum in inflation-adjusted terms. Coronation’s Asset Management Head of Research, Guy Czartoryski pointed out that adopting GIPS would enable a true comparison between the performance of funds rather than the ‘Apples & Oranges’ we have now.’
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