TOTAL funds under management (FUM) rose 9,59% to ZiG90,6 billion in the third quarter of the year, driven by increased exposure to equities amid improving macroeconomic stability.
The growth marks an increase from ZiG82,68 billion recorded in the previous quarter.
In its latest newsletter, the Securities and Exchange Commission of Zimbabwe (SecZim) said the asset management industry continued to rebalance portfolios towards the stock market, while exposure to property declined.
“Total Funds Under Management as at 30 September 2025 stood at ZiG90,60 billion, representing a 9,59% increase from ZiG82,68 billion recorded in the previous quarter,” SecZim said.
The regulator noted that the total FUM figure includes United States dollar-denominated assets amounting to US$2,48 billion, converted into Zimbabwe Gold (ZiG) at the prevailing exchange rate as at September 30, 2025.
Average funds under management per firm stood at ZiG2,45 billion during the period under review.
SecZim said market activity improved on both the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange, supported by growing confidence in the stability of the ZiG and signs of economic recovery.
The capital markets regulator noted that the stability of the local currency signals policy consistency, reassuring investors of a more predictable policy environment.
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Total market capitalisation increased by 22,2% to US$4,11 billion at the close of the third quarter, rising from US$3,61 billion in the previous quarter.
Equity exposure increased to 34,97% of total FUM, up from 31,71% in June 2025. In contrast, property investment declined from 40,91% to 37,29%over the same period.
Money market investments rose to 11,61% from 10,30%, while exposure to unquoted equities eased to 5,12% from 5,56%. Bond investments also declined by a percentage point to 7,56%.
“Cash, call deposits, and other investments collectively accounted for the remaining 2,47% of the total investment exposure in the asset management industry,” SecZim said.
As at September 30, 2025, the number of active registered Collective Investment Schemes (CIS) stood at 49, while unitholders increased to 79 700 from 78 799 in the previous quarter.
The growth in both schemes and investors reflects rising participation in the sector, reinforcing the overall increase in funds under management.
ZiG-denominated CIS FUM rose 3,67% to ZiG1,67 billion from ZiG1,61 billion recorded at the end of June.
Meanwhile, USD-denominated CIS FUM grew 16,23% to US$106,94 million from US$92 million, largely driven by increased uptake of funds, as evidenced by a rise of 785 unitholders during the quarter.
