The Public Investment Corporation (PIC), the biggest asset manager in South Africa, announced today that its assets under management (AuM) for the financial year ending March 2019 have grown to R2.131 trillion compared to R2.083 trillion the previous year. This represents a growth of R47.9 billion in the 12 month period. The growth is based on above average portfolio performance, underpinned by a sound investment strategy. (more…)
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