WEBINAR: Tesla, Zumafied Rand offset Dow losing streak; maintains 28% annualised growth
Have investors seen the end of the Trump dividend as the Dow Industrial Jones experienced its longest losing streak in six years. This after President Donald Trump lost his first real battle when failing to replace Obamacare. But despite the downturn, Musk's Tesla sparkled as car production is expected to skyrocket and challenge the likes of Mercedes and BMW. The global portfolio was also aided by a sharp fall in the South African Rand after President Jacob Zuma recalled Finance Minister Pravin Gordhan from an investor roadshow, with many seeing it as signs of a much talked about cabinet reshuffle. The Rand lost 5 percent against the dollar in under two days. On the back of this the portfolio maintained its 28 percent annualised growth since inception in December 2014. Watch the video or read the transcript below for the March update. – Stuart Lowman
Hello there, it's Alec Hogg and we're coming to you today from Standard Bank. I'm here with my friend and colleague Stuart Lowman.
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