The world may be teetering on the brink of a recession that has sparked off a slide in stock markets worldwide, but that is not deterring SA’s biggest listed asset manager from looking for buying opportunities in the ashes of the market rout.
Ninety One, the asset manager spun out of Investec in 2020 which oversees £143.9bn in assets, says that while it has trimmed the equity holdings in its general equity and balanced portfolios as part of a more defensive positioning stance, it is already looking to buy quality stocks suddenly looking cheaper thanks to the recent market mayhem.
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