FUTUREGROWTH ASSET MANAGEMENT

Futuregrowth manages around R202 billion (+/- US$13 billion)* of clients’ assets, across the full range of fixed interest and development funds, and plays a leadership role in the asset management industry in South Africa. We are committed to treating our clients’ funds in a responsible manner and to advancing social, environmental and governance change.

We are equally committed to transformation – within the organisation and the broader environment in which we operate. Currently, we are a Level 2 B-BBEE contributor.

Our large investment team has a diverse range of specialist knowledge and skills, ranging from macro-economic and interest-rate management to investment analysis and dealing expertise.

Our expertise spans across various sectors and capabilities:

• Money market and fixed income solutions
• Private equity
• Venture capital
• Power
• Infrastructure
• Property
• Agriculture

THE FUTUREGROWTH STORY: A VISION UNFOLDING

In the wake of South Africa’s democratic transition, Futuregrowth was founded in 1994 with a small suite of investment funds focused on social development and empowerment, and with the vision of creating a sustainable channel for pension funds to invest in disadvantaged communities and national development.

Fast forward more than 20 years: Today Futuregrowth manages around R202 billion (+/- US$13 billion)* of clients’ assets, across the full range of fixed interest and development funds, and plays a leadership role in the asset management industry in South Africa. During this time we have not wavered from our purpose to protect and grow investors’ savings through skill and diligence, while being a recognised force for good in the markets and environment in which we operate.

This sense of purpose is based on our belief that investors can make a positive difference in society while earning sound investment performance for pension fund members. That has inspired us to pioneer development funds in sectors such as infrastructure, rural and township retail property, agriculture and renewable energy, providing finance to innovative deals including low-income housing construction, a church in Soweto, urban regeneration projects, taxi finance, and alternative energy, to name a few.

As a responsible investor we engage with our industry and investee companies privately, and sometimes publicly, on sustainability issues. As examples: We have been working steadfastly to improve South Africa’s debt capital market standards. In 2013, we identified unfair, unsustainable and prejudicial practices within the consumer lending industry. We chose to stop lending to such businesses in our developmental funds and publicly called for industry reform. And in 2016, we announced that we could no longer, in good conscience, invest pension fund members’ assets in certain state-owned enterprises (SOEs) until we had concluded detailed governance reviews.

The original concept of Futuregrowth is still alive and thriving in the Futuregrowth of today. Though the company has developed into a successful asset management business, the philosophical belief on which the business was founded in 1994 is still at the core of everything we do.

* Updated 31 July 2024
Futuregrowth is a licensed Financial Services Provider.