Allan Gray likes banks spurned by Prudential
Both asset managers like Standard Bank, but Allan Gray picks Nedbank and FirstRand now out of favour at Prudential
10 November 2021 - 19:04
Allan Gray has joined Prudential Investment Managers in naming three SA banks among its favoured stock picks though its choices differ from those of its asset-management rival.
Though both investment firms picked Standard Bank among their preferred stock picks, Allan Gray named Nedbank and FirstRand among the top 10 local equity holdings of its balanced fund at end-September...
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