WHY FINWEEK WOULD CONSIDER ADDING IT
The US economy, to which the fund is skewed, is creating jobs and wealth at a pace last seen before the financial crisis. As the country’s export-orientated manufacturing companies regain market share lost to China in decades past, both industrial and financial issuers of debt are in a stronger position to service and repay these borrowings. In addition the fund is a rand hedge, which goes a long way in protecting local wealth in a devaluatory environment.
editorial@ finweek.co. za