Who we are

Futuregrowth manages around R193 billion (+/- US$12 billion)* of assets across the full range of interest bearing and developmental investments.

Keeping our promises to clients through fundamental analysis that supports strong investment views.

The Futuregrowth story:
Past and future

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. 

Read: Futuregrowth gains substantial black shareholder

Making a bigger difference to our industry and people’s lives 

Today, Futuregrowth manages around R193 billion (US$12 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 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, tech start-ups 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 for over a decade. In 2013, we identified unfair, unsustainable and prejudicial practices within the consumer lending industry and 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. Recently, we have hosted or participated in webinars on corporate governance, investor activism, reform of the energy sector, the ailing fiscal position, whistleblowing and several other pertinent topics. 

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

Download our brochure

*AUM as at 31 December 2021

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Our promise to clients

At Futuregrowth we take our ethical responsibility towards our clients seriously. These nine statements make up our promise to you.

  1. Our clients’ interests always come first.
  2. We apply investment judgment based on informed, diligent, objective, and independent analysis.
  3. Our behaviour is honest, competent, ethical, and complies with applicable laws and regulations.
  4. We treat all clients fairly.
  5. We avoid conflicts of interest in the provision of our products and services, but where unavoidable make full disclosure to clients.
  6. Client confidentiality is upheld at all times.
  7. Our costs are fair, reasonable, and transparent and are clearly explained.
  8. We communicate clearly, accurately, and in a timely and effective manner.
  9. We keep appropriate and complete client records.

If your experience of Futuregrowth is not aligned with these statements please let us know at ourpromise@futuregrowth.co.za.

Note: This promise statement is adapted from the CFA Institute’s Statement of Investor Rights. Click here to view these Rights. 

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Our History

The Futuregrowth story

Our Awards

Over the years, we have been nominated for and received numerous industry awards in various categories.

  • 2019

    MSCI South Africa Real Estate Investment Awards
    Best Performing Specialist Property Fund (over 3 years): Community Property Fund
    Highest Net Income Growth of all Property Funds: Community Property Fund

     

  • 2018

    Batseta Imbasa Yegolide Awards
    Bond Manager of the Year
    Alternative Asset Class Manager of the Year
    Responsible Investment Manager of the Year

    MSCI South Africa Real Estate Investment Award
    Best Performing Specialist fund (over 3 years): Community Property Fund

  • 2017

    MSCI South Africa Real Estate Investment Award
    Best Performing Specialist fund over 3 years: Community Property Fund

     

     

     

  • 2016

    Batseta Imbasa Yegolide Awards
    Bond Manager of the Year

     

     

     

  • 2015

    Batseta Imbasa Yegolide Awards
    Responsible Investment Manager of the Year

  • 2014

    Raging Bull Awards
    South African Interest-bearing Variable-term: Community Growth Gilt Fund

     

  • 2013

    AfricaAM Performance Awards
    South Africa Fixed Income Fund - Long Term Performance: Futuregrowth Infrastructure & Development Bond Fund

    POA Imbasa Yegolide Awards
    Bond Manager of the Year

    POA Imbasa Yegolide Awards
    Responsible Investment Manager of the Year 

    Raging Bull Awards
    Best Domestic Fixed-interest Income Fund: Old Mutual Income Fund (R Class)

  • 2012

    Raging Bull Awards
    Best Domestic Fixed Interest Income Fund

  • 2011

    Africa Investor Agribusiness Investment Awards 
    Agribusiness Fund of the Year 

    POA Imbasa Yegolide Awards
    Socially Responsible Investor of the Year 

    Global Pensions Award
    Socially Responsible Investing

  • 2010

    The Mail & Guardian Investing in the Future Awards
    Enterprise Development

    Africa Investor Infrastructure Investment Awards
    Social Infrastructure Deal of the Year

  • 2009

    The Mail & Guardian Investing in the Future Awards
    Enterprise Development

  • 2008

    Africa Investor Infrastructure Investment Awards
    Infrastructure Fund of the Year

Our Group Structure

Old Mutual Investment Group is a shareholder of Futuregrowth Asset Management.

 

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Board Members

Mr PE Rackstraw

Managing Director

Futuregrowth

Mr AC Canter

Chief Investment Officer

Futuregrowth

Mr HW Beets

Independent Member

Mr GL Gobodo

Managing Director

Old Mutual Investment Group

Ms P Moodley

Old Mutual Investment Group

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