WHY FIN­WEEK WOULD CON­SIDER ADDING IT

Finweek English Edition - - FUND IN FOCUS -

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

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