JAN-DAAN VAN WYK: What will it take for foreign investors to go overweight in SA equities?
The country’s prospects after the elections support case for prudent optimism
23 August 2024 - 05:00
The SA euphoria trade is not over yet — the figures indicate that foreigners are nibbling in SA’s financial markets. While the equity market is still experiencing net negative flows this year, the dial shows signs of a shift in the bond market.
Foreign investment in SA equities has declined steadily since 2005, when active global emerging-market investors held 9.3% of their emerging-market portfolio in SA assets, according to SBG Securities research and EPFR data. Since then, exposure has declined to less than 2.7% — more than two-thirds lower than the peak almost two decades ago...
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