Financial Mail - Investors Monthly - - Contents - GARTH MACKEN­ZIE www.trader­

Emerg­ing mar­ket crises have typ­i­cally of­fered buy­ing op­por­tu­ni­ties for the long term

The long-term up­ward trend for this ETF comes in at $45. To get there, the lo­cal eq­uity mar­ket, the rand, or both would need to weaken fur­ther.

Sharp losses on this ETF have typ­i­cally pro­vided de­cent op­por­tu­ni­ties for ag­gres­sive in­vestors to take ex­po­sure to SA eq­ui­ties in dol­lars. If one be­lieves SA is go­ing through a “dark­est be­fore the dawn” mo­ment, any fur­ther weak­ness to­wards $45 in the months ahead may present an op­por­tu­nity to buy this ETF.

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