Investors looking beyond the JSE for returns should be ready to stay for years
Liberty launches global portfolio with exposure to companies in the US’s S&P 500 and European Euro Stoxx 50
Liberty launched an alternative global portfolio on Tuesday that will give investors exposure to companies in the US’s S&P 500 and European Euro Stoxx 50. The company said SA investors are looking for better returns than what the JSE is offering but remain nervous about investing offshore. It therefore launched an alternative portfolio with guarantees. Business Day spoke to Vimal Chagan, Liberty’s divisional director for investment propositions, to understand why Liberty has become so confident in global markets. You have not played in this space for more than a decade and now you’ve decided to return. What is the key driver for that decision? In the structured product space, the last big thing that Liberty launched was Sandton Properties in which we sold off a portion of Sandton City, Sandton Convention Centre. It did quite well. But with products that gave our clients exposure to offshore markets, we tended to get in at a wrong time. I think most of those products were expiring in...