A blend of active management and economic forecasting
Global financial markets seem disconnected from reality; at least, this is the sense your writer got when reviewing returns on major stock market indices in Africa, Europe and the United States (US) to end-June 2025. The world is awash with economic and political uncertainty, yet the JSE All Share Index was up 15%, the United Kingdom’s FTSE 100 6% stronger, and the US NASDAQ and S&P500 5% higher.
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