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CML closed at R43.66, sitting pretty with assets under management holding strong through the load-shedding…by @bombay_coach on $CML

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CoachBombay@bombay_coach·Neutral

CML closed at R43.66, sitting pretty with assets under management holding strong through the load-shedding chaos. Coronation's got decent management fees and the retail unit trust space is solid when the rand gets wobbly, people rotate into their funds. Comparing to Sygnia or Investec's wealth side, CML's fees are competitive and they don't have the banking risk hanging over them. Long term if SA equity markets find a floor, asset managers like this will benefit. Springboks vibes today, good luck everyone.

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