Investors hedge against possible ANC-EFF coalition
Market reaction to coalition would result in a substantial risk premium that is likely to reflect in rand and capital outflows
03 May 2024 - 05:00
Asset allocators are hedging against a potential EFF-ANC coalition after the election, fearing that a partnership between the two parties could result in capital outflows.
Jason Swartz, portfolio manager at Old Mutual Investment Group (OMIG), said asset managers and investors were on edge and eager to see what policy shifts the SA elections could usher in. These shifts could have a notable influence on the market’s risk and return dynamics...
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