Most asset allocators upbeat about SA 2024 returns, survey finds
Fund managers poll indicates more than 70% think local equities are undervalued
30 November 2023 - 05:00
Most SA asset managers expect the rand to strengthen to R17.30/$ in 2024 and for the Reserve Bank to start cutting the repo rate in the second quarter of the year, which will boost consumer-facing stocks and the domestic equity market broadly.
Results from SA Fund Managers Survey, conducted by Bank of America Global Research, show that more than 70% of asset allocators believe that SA equities are undervalued, with more than before looking to buy instead of selling SA Inc before next year. The survey was conducted from November 3 to 9. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.