SA fund managers are turning bullish on local stocks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Bank of America survey shows that 71% of SA fund managers expect local stock market to trade higher six months from now

Bank of America survey shows that 71% of SA fund managers expect the local stock market to trade higher six months from nowSA fund managers are beginning to rethink their investments in cash and offshore equities, which are traditionally seen as hedges against domestic economic and political risks, and are instead looking to beef up their portfolios with domestic stocks they believe will benefit from rising commodity prices.

A Bank of America survey shows a near record 71% of SA fund managers expect the local stock market to trade at higher levels six months from now, while 57% have overweight equity positions, the highest percentage since 2011...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 Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her MALYAROVALARA_ Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines