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The global outlook appears particularly uncertain today. Markets are preoccupied with how quickly central banks will need to raise short-term interest rates, and remove the unprecedented monetary stimulus put in place to mitigate the impact of the COVID-19 pandemic.
Inflation continues to dominate the global investment agenda. Investors have become inflation worriers, mainly because persistently high inflation is forcing central banks to become inflation warriors.
Investors should be cautious when investing offshore in 2022 given the current expensive valuations of both global equities and global bonds compared to South African equities and nominal bonds. Although these assets are particularly popular right now, some careful consideration should be given when building a portfolio.
Peregrine Capital, South Africa's longest-running hedge fund manager, hosted their first investor day on 16 February 2022 to share insights and learnings from two decades at the coalface of investing.
The strongest deterrent against FSP compliance missteps is or should be: