24 Jul 2019
Is it time for equity investors to party like it’s 2002?
By Janice Roberts
Not quite, says Duncan Artus, Director and Portfolio Manager at Allan Gray. Between January 2001 and February 2002 domestic equities and particularly consumer companies suffered significant declines and the rand lost some 63% of its value, stoking inflation and causing interest rates to spike. Investors who were brave enough to buy at these depressed levels...