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The world may be teetering on the brink of a recession that has sparked a slide in stock markets worldwide, but that isn’t deterring SA’s biggest listed asset manager from looking for buying opportunities in the ashes of the market rout.

Ninety One, which was spun out of Investec in 2020 and oversees £143.9bn (R2.8-trillion) in assets, says that while it has trimmed the equity holdings in its general equity and balanced portfolios as part of a more defensive stance, it is already looking to buy quality stocks, which are suddenly looking cheaper thanks to the recent market mayhem. That’s despite portfolio manager Hannes van den Berg, Ninety One’s co-head of SA equity and multi-asset, saying there’s probably a 50/50 risk of a worldwide recession...

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