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Labrish
Nyuuz
Zim funds swell as investors ditch property for equities
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[QUOTE="Munyaradzi Mafaro, post: 79427, member: 636"] Funds managed by Zimbabwe's asset managers saw a solid jump last quarter. The total climbed to ninety point six billion ZiG, according to the Securities and Exchange Commission. That figure is up almost ten percent from the prior quarter. The regulator credited a shift toward stock market investments, with equity exposure rising above thirty-four percent of all holdings. Property investments lost ground during the same period. The reported total includes dollar-denominated assets worth two point four eight billion, converted at the official rate. Overall market capitalization for the country's exchanges also grew significantly, surpassing four billion dollars. Officials pointed to improved confidence in the Zimbabwe Gold currency's stability as a key factor, suggesting a more predictable policy environment. Within the industry, the average firm managed about two point four five billion ZiG. Money market investments gained a small slice of the overall portfolio. The number of active collective investment schemes reached forty-nine, with more investors participating. Both the local currency and US dollar-denominated fund categories saw growth in their managed totals, driven by new unitholders. [/QUOTE]
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Labrish
Nyuuz
Zim funds swell as investors ditch property for equities
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