SA’s fund managers see equity market up in 6 months: BofA Survey

In its latest Fund Managers Survey, Bank of America says that 80 per cent of South African Fund Managers see the equity market up in 6 months; with a net 73 per cent seeing more buys than sells. In 12 months, equity returns are expected to be 13 per cent. Joining CNBC Africa to unpack the May survey is John Morris, South Africa Investment Strategist at Bank of America.