Futuregrowth Asset Management
Asset Management
About Us

Futuregrowth is a fixed interest investment company that manages around R193 billion of assets (+/- US$12 billion) across a full range of fixed interest and developmental impact funds on behalf of our clients. We are committed to treating our clients’ funds in a responsible manner to advance social, environmental and governance change.

Just like we are committed to our clients, we are equally committed to transformation, diversity, and inclusion within the organisation. Currently, we are a Level 2 B-BBEE contributor.

Read more about our holistic view on transformation, and how we apply these principles in our business, investments and organisational strategies.

Our History

Futuregrowth was founded in 1994 in the wake of South Africa’s democratic transition, 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.

Futuregrowth’s Empowerment Partnerships

From 2002 to 2008 Futuregrowth had an empowerment shareholder in Women’s Investment Portfolio Holdings (Wiphold), a women-owned black empowerment fund.  Wiphold acquired 40% of Futuregrowth in 2002, and in 2005 increased its holding to 70%, further cementing Futuregrowth as the largest Black-owned fund manager in South Africa. Since the exit of Wiphold with their sale to Old Mutual in 2008, we have had a strategic objective to reattain greater than 50% effective black share ownership – and to find a shareholder and empowerment partner with a similar sense of purpose and shared values. This was found in African Women Chartered Accountants Investment Holdings (Pty) Ltd (AIH). AIH is a wholly black women-owned investment company that supports the entry and advancement of black woman in the chartered accountancy profession and beyond. On 3 March 2022 we announced the acquisition of 21.2% of Futuregrowth shares by a special purpose vehicle owned by AIH and AIH Capital (Pty) Ltd. Once all conditions precedent have been met, this transaction will move Futuregrowth significantly towards its goal of reattaining more than 50% black share ownership.

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