2017 – A year of vindication for risk assets
25 January 2018
There is a powerful proverbial saying which goes as follows, “The stone the builders rejected has become the cornerstone”. Rattled by the difficult 2016 experienced by a large number of investors, both locally and globally, the retail investment market experienced a large rotation from risk assets (equity and property) into cash. The political uncertainty and economic weakness experienced on a global and local front over the period 2015 - 2016 was enough to induce many investors to ‘reject’ their initial investment strategies (many with large exposures to equities) for the safety of cash as they entered 2017.