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Volatility has characterised the global investment landscape since COVID-19 first emerged in early 2020. This global uncertainty heaped additional pressure on local investor returns amid weak domestic fundamentals and legacy structural impediments to economic growth.
Assets under management (“AUM”) for the Stonehage Fleming Global Best Ideas Equity Fund have passed the USD2bn mark.
When will things return to normal? This is the question we’re all asking. Interestingly, the author Jonathan Moodley points out that the term ‘normal’ entered the English language as recently as the mid-1840s, even though it “masquerades as an ever-present universal truth”. Coming from the Latin word norma which refers to a carpenter’s square, it was initially used by mathematicians to mean ‘right-angles’ or ‘perpendicular’.
One of the interesting effects of the Covid-19 pandemic and the national lockdown is the growing interest to invest in local and international equity markets. This is according to FNB, which has announced the launch of a new FNB Shares Zero investment account with no monthly account fees.
The strongest deterrent against FSP compliance missteps is or should be: