Cash Is Bad as Top South African Investors See EMs in Vogue

view original post

South Africa’s top money managers say cash is a bad place to station money given the downward trajectory in global interest rates and that investors should look to emerging markets for opportunities.

With global interest rates at multi-year lows, cash doesn’t offer compelling returns right now, Alexandra Nortier, the co-head of wealth management at Investec Plc’s wealth and investment unit, said at the inaugural Bloomberg Africa Business Summit in Johannesburg Tuesday.