CHRIS GILMOUR: A portfolio manager’s secret for success: invest offshore 🔒
I caught up with a SA-based private client portfolio manager to commiserate on the long-standing poor economic environment, the damage being caused by the Covid outbreak and how to formulate an investment strategy in such times.
But I was immensely surprised. His 2019 client assets under management had risen 55% on the previous year, due to the US stock market increasing 33% during that year. So far in 2020, AUM are up 22% due to a 30% decline in the rand, with this currency depreciation exceeding the fall in global and US stock markets. All this means is that his clients are a lot better off in rand and US dollars than they were at the start of 2019.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: How Covid-19 has hit the poultry industryAstral CEO Chris Schutte and SA Poultry Association’s Izaak Breitenbach talks to Business Day TV
Read more »
WATCH: How Covid-19 has hit the poultry industryAstral CEO Chris Schutte and SA Poultry Association’s Izaak Breitenbach talks to Business Day TV
Read more »
Lessons in planning a successful property portfolioColen has built a property portfolio made up of five properties. However, this has put him under some financial pressure. These are some of the valuable lessons he has learnt as he becomes a property baron.
Read more »
South African mine manager implicated in deadly Sierra Leone riotThe group of five were arrested following a deadly riot at the Marampa mine that left two people dead. The group is yet to be charged.
Read more »
Risk managers brace for lengthy global recessionWorld Economic Forum report sees the looming, prolonged economic crisis as a huge threat
Read more »
Risk managers brace for lengthy global recessionWorld Economic Forum report sees the looming, prolonged economic crisis as a huge threat
Read more »