Things are bad in SA, but fund managers are still choosing local
The outlook for the South African economy may be dire, but the same is not true for its financial markets, asset managers say.
Stay updated with breaking news from Allan Gray Balanced. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The outlook for the South African economy may be dire, but the same is not true for its financial markets, asset managers say.
Put differently, South Africa has suffered electricity blackouts for 81 of the 277 days so far this year. That’s one day in every three.
As it is the fund manager’s responsibility to manage the fund to ensure Regulation 28 compliance, the investor would remain compliant if invested 100% in a fund.
Over the past week, there was a report and an interview by another publisher with London-based fund manager Sean Peche who delved into fees and in particular performance fees raised by some large South African fund managers. Although the comments were made in general, special attention was given to balanced funds. The views of Sean
It seems that most of us are supporting fossil-fuel companies financially. Are we happy to continue doing so? asks Jo-Anne Smetherham.