Finweek English Edition - - FUND IN FOCUS - Is a pub­li­ca­tion of Me­dia24, which is a sub­sidiary of Naspers.

The f und i s skewed to­wards stocks with a strong cash flow and a num­ber of them earn their rev­enue off­shore. As the rand i s still weak, and may carry on de­val­u­at­ing in l i ght of a po­ten­tial i ncrease i n US i nter­est rates, this f und of­fers pro­tec­tion against l ocal cur­rency weak­ness. The f und’s l arge al­lo­ca­tion to cash may be a drag on re­turns, but gives it the flex­i­bil­ity to move in and out of po­si­tions quite quickly.

ed­i­to­rial@ fin­week.co. za


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