Figure 1
The vertical axis is labeled “R superscript 1 Million” and ranges from 0 to 1 400 000 in increments of 200 000 units. The horizontal axis is labeled “Year” and ranges from 2015 to 2021 in increments of 1 year. At the bottom, the legend includes four entries: “Multi-assets Funds”, shown in blue, “Funds of Funds” shown in orange, “Fixed income Fund” shown in gray, and “Money Market Funds” shown in yellow. The data for the bars are as follows: 2015: Multi-assets Funds: 850 000; Funds of Funds: 350 000; Fixed income Fund: 130 000; Money Market Funds: 250 000 2016: Multi-assets Funds: 900 000; Funds of Funds: 360 000; Fixed income Fund: 160 000; Money Market Funds: 290 000 2017: Multi-assets Funds: 980 000; Funds of Funds: 400 000; Fixed income Fund: 200 000; Money Market Funds: 320 000 2018: Multi-assets Funds: 980 000; Funds of Funds: 380 000; Fixed income Fund: 230 000; Money Market Funds: 330 000 2019: Multi-assets Funds: 1 070 000; Funds of Funds: 410 000; Fixed income Fund: 300 000; Money Market Funds: 350 000 2020: Multi-assets Funds: 1 080 000; Funds of Funds: 440 000; Fixed income Fund: 380 000; Money Market Funds: 450 000 2021: Multi-assets Funds: 1 280 000; Funds of Funds: 520 000; Fixed income Fund: 430 000; Money Market Funds: 370 000 Note: All numerical data values are approximated.Shadow banking assets in South Africa. The figures show the assets of fixed-income funds, funds-of-funds, money market funds, and multi-asset funds. Multi-asset funds are the largest, and their assets are more than double those of all other funds. Source: Authors’ own work