Coronation reduces Anglo exposure after failed BHP bid
The asset manager has taken a liking Spar’s turnaround plan and is attracted to Investec’s performance
30 July 2024 - 05:00
Asset manager Coronation Fund Managers’ overweight position in Anglo American in the second quarter of 2024 benefited the company following a surge in the mining house’s share price following a takeover bid by bigger rival BHP.
Portfolio managers at the asset allocator said the company had a solid quarter, in which its fund returned 10% due to a confluence of matters, including favourable election outcome...
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