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Cancer has always been with us. Its history is written in bone and tissue, in the fossilised and mummified remains of animals and people who lived millennia ago. And in ancient manuscripts, whose authors warned that there is no cure.
Asset managers are gradually being required to integrate environmental, social and governance (ESG) thinking into their investment processes. Regulatory framework documents like the UN-supported Principles for Responsible Investment (PRI) and Code for Responsible Investing in South Africa (CRISA) have added to the pressure.
The use of direct equity or share portfolios, has picked up in recent years as financial advisers make use of this route as an underlying investment component in products like endowments, retirement annuities/preservation plans and living annuities.
As the US Federal Reserve Chairman, Ben Bernanke, hinted in June at an end to the policy of quantitative easing (QE) in the world’s largest economy, global markets suffered an attack of the jitters and emerging economies – among them South Africa and the other BRICS nations – have been particularly hard hit.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?