Table 3 Descriptive statistics – total...

Table 3

Descriptive statistics – total assets/Log assets

Variable	Mean	Std. dev	Min	Max	Obs
Log (total assets)	8.931	0.729	7.070	11.192	455
Total Assets (ZAR Million)	3,718	10,498	11	155,888	455
Log (total asset) by shadow banking class
Fixed-income Fund	9.167	0.892	7.112	10.769	42
Funds-of-Funds	8.643	0.567	7.070	10.442	158
Money Market Fund	9.397	0.791	7.554	10.599	23
Multi-asset Fund	9.043	0.724	7.114	11.193	222
Log (total asset) by sponsor
Bank	9.266	0.733	7.532	10.769	41
Insurer	9.145	0.713	7.728	10.570	65
Asset Managers	8.849	0.713	7.070	11.193	339
Log (total asset) by investor
Institutional	9.264	0.562	8.108	10.259	22
Retail	8.924	0.735	7.070	11.193	410
Total asset by shadow banking class (ZAR Million)
Fixed-income Fund	6,262	12,551	12	58,877	42
Funds-of-Funds	1,270	3,131	11	27,687	158
Money Market Fund	7,711	10,216	35	39,781	23
Multi-asset Fund	4,565	12,920	12	155,888	222
Total assets by sponsor (ZAR Million)
Bank	5,842	10,401	34	58,877	41
Insurer	4,046	6,199	53	37,169	65
Asset Managers	3,398	11,136	11	155,888	339
Total asset by investor (ZAR Million)
Institutional	3,650	4,518	122	18,137	22
Retail	3,817	10,875	11	155,888	410

Variable	Mean	Std. dev	Min	Max	Obs
Log (total assets)	8.931	0.729	7.070	11.192	455
Total Assets (ZAR Million)	3,718	10,498	11	155,888	455
Log (total asset) by shadow banking class
Fixed-income Fund	9.167	0.892	7.112	10.769	42
Funds-of-Funds	8.643	0.567	7.070	10.442	158
Money Market Fund	9.397	0.791	7.554	10.599	23
Multi-asset Fund	9.043	0.724	7.114	11.193	222
Log (total asset) by sponsor
Bank	9.266	0.733	7.532	10.769	41
Insurer	9.145	0.713	7.728	10.570	65
Asset Managers	8.849	0.713	7.070	11.193	339
Log (total asset) by investor
Institutional	9.264	0.562	8.108	10.259	22
Retail	8.924	0.735	7.070	11.193	410
Total asset by shadow banking class (ZAR Million)
Fixed-income Fund	6,262	12,551	12	58,877	42
Funds-of-Funds	1,270	3,131	11	27,687	158
Money Market Fund	7,711	10,216	35	39,781	23
Multi-asset Fund	4,565	12,920	12	155,888	222
Total assets by sponsor (ZAR Million)
Bank	5,842	10,401	34	58,877	41
Insurer	4,046	6,199	53	37,169	65
Asset Managers	3,398	11,136	11	155,888	339
Total asset by investor (ZAR Million)
Institutional	3,650	4,518	122	18,137	22
Retail	3,817	10,875	11	155,888	410

Note(s): This table provides a summary of descriptive statistics of total assets. The largest shadow bank is a retail multi-asset fund with R155 billion in assets under management. Retail and multi-asset funds are more volatile because they have a higher standard deviation

Source(s): Authors’ own work

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