Ninety One fancies SA bonds to provide strong returns
The asset manager likes products in the near term but prefers global equities over a five-year term
30 May 2022 - 09:17
UPDATED 30 May 2022 - 22:57
Ninety One, the asset management giant spun out of Investec in 2020, expects global and SA equities to provide strong returns over the next five years despite their recent sell-off but is betting on local government bonds for a steady income stream in the nearer term until market volatility eases.
The MSCI world index is down about 16% so far this year after Russia’s invasion of Ukraine and aggressive monetary tightening by central banks worldwide amid accelerating global inflation...
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