UNIT TRUSTS
South Africans missing out on offshore money
South Africans have been wary of bulking up their offshore funds even as returns skyrocket
29 June 2023 - 05:00
The first half of the year has been good for offshore funds — due partly to the rand’s volatility and due partly to a return in confidence in the shares of some of the world’s largest companies.
The tech sector, which received a lashing last year, regained some ground. The S&P 500, laden with some of the world’s largest tech players — including Apple, Amazon and Microsoft — returned more than 17% in dollar terms over the 12 months to June 22...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.