Coronation Fund Managers hits $36.62 billion in assets under management

Coronation Fund Managers

At a Glance

Coronation’s AUM stands at R676 billion ($36.62 billion) as of December 2024.
Total revenue reached R3.91 billion ($216.24 million) for the fiscal year ending September 2024.
Net profit hit R2.21 billion ($122.26 million), supported by sustainable growth strategies.

Coronation Fund Managers, one of South Africa’s premier asset managers, has reached a significant milestone with R676 billion ($36.62 billion) in assets under management (AUM) as of December 31, 2024.

This growth reflects Coronation’s enduring commitment to ethical investment practices, delivering value to both clients and shareholders under the leadership of CEO Anton Pillay.

Pillay, who joined Coronation in 2006 and became CEO in 2013, has steered the company through sustained growth and operational excellence.

Financial strength and performance

According to its recently published update, the AUM of Coronation Fund Managers, a Cape Town-based third-party fund management company, rose to R676 billion ($36.62 billion) from R667 billion ($38.7 billion), reflecting a modest 1.35 percent increase as of September 30, 2024.

This growth aligns with its long-term valuation-driven strategy and commitment to ethical investment practices, demonstrating resilience amid macroeconomic headwinds.

For the fiscal year ending September 2024, Coronation reported revenue of R3.91 billion ($216.24 million), a net profit of R2.21 billion ($122.26 million), and a market capitalization of R14.3 billion ($774.32 million).

Coronation Fund Managers hits $36.62 billion in assets under management

This consistent growth highlights the company’s long-term valuation-driven investment strategy and its resilience in overcoming macroeconomic challenges, including currency devaluation.

Coronation’s legacy and strategy
Founded in Cape Town in 1993, Coronation has built its reputation as an investment-led, owner-managed business, with 25 percent staff ownership.

The company takes a focused, active investment management approach, aligning with its clients’ long-term goals.

Despite external challenges, Coronation’s adaptability and robust financial strategies have allowed the firm to maintain its growth trajectory while continuing to deliver on its promise of sustainable value creation for all stakeholders.

Feyisayo Ajayi

Feyisayo Ajayi is the Publisher and Co-founder of Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.