Michael Power: Global stock market tanking is rational, overdue
They don’t come much better than Michael Power, Investec Asset Management’s global strategist, who concludes the stock market’s latest selloff is rational.
equities
First quarter outflows from SA stocks and bonds almost double the inflows of 2013
If you follow the news at all, you’ll know that one of the most notable developments of the last few years has been the dramatic outflows from emerging market (EM) stock and bond markets. South Africa has proven to be no exception – in the first quarter of 2014 domestic bonds saw a net outflow … Read more
Who wants the highest investment returns? Probably not you
South African investors have shown they would rather avoid losing money than take the chances required to make the best returns. They have sheltered en masse in multi-asset class portfolios for the past three years. An investment in a lower-cost equity index tracker, meanwhile, would have won the investment race by a significant margin – … Read more