Ninety One, which has about R3-trillion in assets under management (AUM), is boosting the offshore equity exposure in some of its flagship funds as SA’s stagnant economy reduces the appeal of local equities despite their attractive valuations.

While the Cape Town-headquartered fund manager is allocating more capital offshore, it is channelling much of that to emerging markets in Asia as it bets the region will benefit from a consumer-led recovery in China, which has now abandoned its zero Covid-19 policy...

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