Five top offshore stocks to bet on
Wondering which global stocks are worth a punt? Protea Capital Management CEO Jean Pierre Verster has a few ideas
South Africans have a strong home bias when it comes to their investment choices, but it’s come at a high opportunity cost over the past five years. While it’s true that the SA unit trust industry offers funds that invest offshore, these funds represent about 10% of the unit trust industry’s R2.5-trillion of assets. This leaves a lot of room for growth.
More than half of the see-through earnings of companies listed on the JSE are generated outside SA, making a diversified portfolio of JSE-listed stocks quite global in nature. But by restricting one’s global investment choices to only the handful of large JSE-listed multinationals, you run the risk of missing out on attractive shares listed elsewhere.