Riding the wave
Advice for investors spooked by turbulent times
It’s easy to focus on the money managers tasked with investing their clients’ money wisely, writes Johann Barnard. But what is the sentiment out in the wild, where investors are taking hits from every angle? Who better to ask than the asset managers dealing with queries of an increasingly fearful nature. It’s important to emphasise the use of "fearful" rather than "panicked". Panic would be South Africans flogging cash and assets to reduce their local exposure, as they did after then finance minister Nhlanhla Nene was fired in December 2015. Those who panicked and moved assets offshore at the point the rand was at its weakest would rightfully feel a little sheepish today.
The ability to adapt reflects resilience, which local investors have had to have by the bucket load. But even these reserves may have their limits. RMI Investment Managers CEO Chris Meyer says investors’ interest in entering the market is "subdued and confused". "Even professional investors don’t know how to ...
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