Fund under management doubles to ZiG92,84bn in Q3

TOTAL funds under management nearly dimbled to ZiG92,84 billion in the third quarter, from the previous quarter, on the back of strong performance by investment classes.

The Association of Investment Managers of Zimbabwe (AIMZ) revealed in June that 95% of about US$2 billion worth of assets under management were controlled by 10 asset managers.

The Securities and Exchange Commission of Zimbabwe (SecZim) said in The Capital Market Newsletter that funds under management includes US dollar-denominated funds.

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