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Ecsponent Limited (JSE:ECS) today announced that it has published a prospectus in respect of a R 10 billion Domestic Medium Term Note Programme (DMTN Programme).
As investors, we are all aware of the need to diversify our exposure. Diversification reduces the volatility of our investment returns and has the benefit of not putting all your eggs in one basket. It is for this reason that the prudential limits for South African (SA) investors allows offshore investments of 30% within a pension fund (or other product managed under Regulation 28) with an additional 10% allowance for Africa excluding SA.
There has been a great deal of negative press surrounding hedge funds in South Africa. A key aspect that has been overlooked is that despite a sharp selloff in the FSTE JSE All Share Index (ALSI) this year, a number of hedge funds have provided significant downside protection, reduced volatility and are positive year to date.
Whether or not one fully agrees that we only have 12 years to limit a climate change catastrophe, as per the latest report from the UN Intergovernmental Panel on Climate Change (IPCC), there is an undeniable need to clean up our environment.
The strongest deterrent against FSP compliance missteps is or should be: