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Sanlam Private Wealth’s must-have stocks for next year.
For most of the history of the Euro, the Fed and the ECB’s interest rate policies have largely been in sync. Once the Fed started hiking or cutting the ECB would soon follow suit. It would be rare for monetary policy to be moving in opposite directions1but Chart 1 shows that is exactly what is happening now.
The fallout in South African money market funds from the collapse of African Bank is a timely reminder that these investments are not completely risk free. Small capital losses have sparked big runs on money market funds in other markets. Investors should be sure to put as much emphasis on return of capital as they do on return on capital, regardless of asset class.
With Africa experiencing GDP growth rates that are amongst the highest in the world, it is little wonder the continent has caught the attention of some of the world’s biggest Private Equity funds and investors.
The strongest deterrent against FSP compliance missteps is or should be: