STEPHEN CRANSTON: Equity market takes a hit as volatility spurs move to interest-bearing funds 🔒
An Asisa senior policy adviser says there was a R220m decline in assets under management to R2.26-trillion
28 May 2020 - 17:39Stephen CranstonFor many years the Association for Savings and Investment SA (Asisa) used to complain about the reluctance of the public to invest in pure equity funds. They are, according to the textbook, the best asset class for long-term investment. And since 1960, when the all share index as we know it was started, the JSE has even outperformed the London and Wall Street markets.
But SA savers are proving to be happy to stay in unit trusts precisely because there are so many low-risk options — and at a time when after several interest rate cuts and bank deposits offer negative real returns. This makes even conservative unit trusts look attractive.
BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.Read more: Business Day »
Flush private equity funds flex their muscle as acquirers and active managersInvestors are helping companies they invest in to grow and find synergies with other similar businesses
Unrest in Hong Kong puts pressure on global equitiesProtests over Beijing’s proposed laws take their toll on shares , offsetting optimism about the reopening of the world economy
Italian government to decide on Serie A’s returnFootballFever | Serie A’s hopes of following Germany and Spain back onto the pitch will be decided on Thursday in a meeting with the Italian government which will determine the fate of the season in Italy ❤❤❤❤❤❤❤❤❤❤
PIC proposes converting Eskom bonds into equityReuel Khoza gave R90bn as a ballpark figure for the Public Investment Corporation’s holdings of Eskom bonds Ha ha! They will still need R160Bn to bring debt into manageable levels... Still a good strategy though..they must ensure all that cash goes to debt servicing That debt is lot
Lockdown level 3: Travel between provinces still prohibitedSouth Africa moves into level 3 of the lockdown from 1 June. I really miss home guy like serious 😐😐😐 This is very steep We will die here in Gauteng, some of us are retrenched and we can't go home.
Phumzile van Damme challenges Terry Pheto on Cape Town lockdown level 3 commentsTerry Pheto is not happy with Cape Town moving to level 3 lockdown. Hehehe Who is this Terry? Never heard of the man before in my entire life. What is his beef with ending ANC apartheid?