SA fund managers are turning bullish on local stocks

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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.

 

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