Finweek English Edition - - INVESTMENT -

Absa In­vest­ments told clients that it con­sid­ers th­ese an ap­pro­pri­ate tool to as­sist its port­fo­lios in get­ting off­shore ex­po­sure. Absa has been re­duc­ing its ex­po­sure to the likes of Im­pala, Exxaro, An­glo Amer­i­can and BHP Bil­li­ton. Jac­ques Theron, port­fo­lio man­ager from Absa As­set Man­age­ment Pri­vate Clients, ad­vised: “We have in­vested in both the DBX World, to give our port­fo­lios ex­po­sure to a di­verse ar­ray of global eq­ui­ties, and the DBX US to give us a more fo­cused ex­po­sure to US eq­ui­ties. This, we be­lieve, will serve our clients well should the rand weaken fur­ther, over­seas mar­kets out­per­form or both.”

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