Ninety One sees ‘window of opportunity’ in market rout

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

Ninety One sees ‘window of opportunity’ in market rout 🔒

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.

 

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

United States United States Latest News, United States United States Headlines