Venturing overseas
by Andrew Hardy, CFA
With the skies and borders mostly open for international travel again, I’ve been visiting our parent company’s home market of South Africa this past week, a welcome opportunity to catch up with colleagues and clients in person. The hot topic has been investing overseas, following the local central bank’s recent relaxation of offshore investment limits; now investors can take up to 45% overseas. One of the many questions this brings into focus – for investors there but also around the world – is the risks that come with having so much of a portfolio invested overseas, and how best to manage them
Market Snapshot
- Global equities declined 2.1% last week
- Goldman Sachs have cut US growth forecasts.
- Brent crude fell 0.7% to $111.5 a barrel
- Gold fell by 3.8% to $1811.8 per ounce.