OLD MU­TUAL

Finweek English Edition - - INVESTMENT -

BUY Ac­cord­ing to Le­bo­gang Mole­batsi who r uns t he Stan­lib Fi­nan­cials Fund, t here is stil l some value to be found i n t he i nsurance sec­tor. Mole­batsi told cl ients: “The in­surance sec­tor con­tin­ues to have a rea­son­ably good out­look for 2013 on the back of con­tin­u­ing pen­e­tra­tion in the en­try-level part of the con­sumer in­surance and de­cent mar­ket re­turns. Old Mu­tual and MMI should ben­e­fit sig­nif icantly from this trend over the medium term and we are com­fort­able in our hold­ings in th­ese shares.”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.