STEPHEN CRANSTON: Bouncing off the ropes
SA Inc has endured many punches but September could be the start of rising from the canvas
08 October 2020 - 05:00
We have all heard the cliché that unit trusts are a long-term investment, but that does not excuse funds from building up bad returns over three to six months.
The Association for Savings & Investment SA (Asisa) bans advertising of any performance of less than a year on the grounds that it can be misleading — and it can be. But in the past, funds such as Guardbank and UAL were equally misleading when they advertised their 20-year performance just before they fell off a cliff...
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