After three years of “systematic outflows” as foreigners ditched South African assets, the stock exchange saw an influx of foreign investors in recent months, JSE CEO Leila Fourie said on Tuesday at the company’s annual general meeting.
While South African bonds – which offer some of the highest real yields among peers – were in demand among foreigners, it was the equity market that surprised, as this was an area foreigners seemed to be turning their backs on in the past few years.
Some large investment funds that focus on emerging markets have been forced to sell Russian assets, which meant they had to rebalance their portfolios to include other emerging market assets, including South African shares.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
