European markets

20 September 2004 Angelo Coppola

RMB AM and Business Day report that European stocks snapped a two-day winning streak yesterday.

This with the news that Dutch giant Unilever dragged consumer goods shares lower after a profit warning, while a spike in oil prices also damaged sentiment.

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The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?

ANSWER

	Infrastructure? You mean cash returns with higher risk!?!
	Infrastructure cap is way too high
	Offshore limit still needs to be raised
	Who cares… Reg 28 does not apply to discretionary savings

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