By Staff Writer
South Africa has been spared the worst effects of the recent economic and market downturn – at least so far, says Ashburton Investments' Albert Botha.
‘This time is different’ has been labelled the most dangerous statement in finance, cautions Albert Botha, Head of Fixed Income at Ashburton Investments.
Global pandemics, local riots and now the unfolding war in Ukraine are just some of the events that have rattled portfolios. The root of most of the mistakes people make during uncertain and volatile times lies in greed and fear.
The term ‘safe haven assets’ is often bandied about - but this catchall phrase shows that there is confusion about what they are and how they work. It’s important to note that no single asset can protect you from all the various risks the investment markets expose you to.
By Janice Roberts
Ashburton Investments’ head of fixed income Albert Botha expects South African bonds to comfortably outperform inflation this year with an expected return of about 10% for longer dated bonds.
