SA assets to outperform offshore assets, Bank of America study shows

SA bonds and equities are set to outperform offshore assets in 2024, with retail stocks, particularly food producers, back in favour with a majority of asset managers expecting the sector to deliver high returns, results from the SA Fund Manager Survey shows.

The shift in sentiment to SA assets came after a year in which the country’s equities market recorded net equity outflows of R100bn after foreign investors sold shares in SA Inc…