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Watch: The key to navigating local and international economies

Aug 24 2017 09:11


What some people in government like to call an investment strike is more likely to be considered as prudence by asset managers during times of political turbulence and uncertainty.

That South African economic growth is not participating in the generally positive global economic sentiment has also been illustrated by the fact that the country entered into a technical recession in the second quarter. However, looking beyond the political cycle, there is still a great deal of investment interest in South Africa, and the global positivity around solid profit growth in emerging markets will have a positive impact on the local economy.

This makes life complicated for local asset managers, who in the meantime, against a backdrop of a certain amount of global economic positivity have to balance the challenges in the local economy with local market performance.

In a conversation with Old Mutual Investment Group’s director of investments, Hywel George, he told News24 that within the current economic environment, asset managers need to remain nimble and carefully focussed on what clients have been promised, and that Old Mutual Investment Group’s boutique model helps to deliver this. He also told us how he invests his own money during these challenging times. 

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