WATCH: Stock pick — Investec
Viv Govender from Rand Swiss Offshore chose an Investec structured return note as his stock pick of the day.
“With this structured product, worst-case scenario you will get 15% if the stocks are negative over the next three years, and if it is positive, you will get 40%. That is what you need at the moment with the uncertainty, narrow down your options and take away the downside. Forty percent over three years is not that bad, and 15% over three years is better than losing your money.”
Viv Govender from Rand Swiss Offshore talks to Business Day TV about an Investec structured return note
Or listen to the full audio: