BofA: Equity allocations up, cash levels down

South African fund managers have turned more bullish on the local equities and bonds after South Africa’s national election. According to Bank of America, fund managers surveyed expect the JSE all share index to hit a record 86,000 points in the next 12 months from 85,000 points previously. Furthermore, 82 per cent of fund managers say they would bring back offshore funds if domestic returns look superior. CNBC Africa is joined by John Morris, Strategist, BofA South Africa.
Mon, 24 Jun 2024 11:11:35 GMT

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