C19 Share Shootout US Edition
We’re in the midst of US earnings season, so the focus is on US listed investment instruments. Offshore assets are a critical component of a balanced investment portfolio. The reasons are straight forward. Investing internationally provides diversification and access to companies and industries that you can’t find locally. SA is but a tiny market accounting for a mere 1% of global GDP – offshore investments give investors access to opportunities in the other 99%. Fed Chair Jay Powell’s comments came before US President Joe Biden’s unveiling of a sweeping package for families and education in his first speech to Congress. Biden’s speech hit the high points - big infrastructure spend, talking climate action and vaccines. The Fed remains dovish, so all still very supportive for risk assets. Michael Avery spoke to Caroline Cremen, CFA. Portfolio Manager at Adviceworx and CFA Society South Africa Board Member; Petri Redelinghuys, founder of Herenya Capital ; & Iva Madjarova, Sygnia’s Head of investment Consulting and Itrix, about their picks to access the US market.