This article was first published in the HedgeNews Africa on 2 February 2022.
Global equity markets enjoyed yet another tidy rally in 2021. in the US, the S&P500 TR Index returned 28.7% – marking seven years of double-digit growth over the past 10. Meanwhile, in South Africa, the FTSE/JSE Capped SWIX All Share Index managed 22.3% in rand terms. Global beta exposure was, as such, a very lucrative and popular strategy…
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