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STANLIB Global Select Fund takes more cautious stance in 2H 2024

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Although the Magnificent 7 stocks in the US are expected to continue delivering margin growth, opportunities are now opening up in more defensive sectors of the US market, such as consumer staples, says Amit Parmar, Investment Specialist – International Equity Group, J.P. Morgan Asset Management. Parmar said Q2 was positive for the STANLIB Global Select Fund, sub-managed by JPMAM, as it delivered 1% above the MSCI World Index. Going into the second half, the team’s view about the macroeconomic environment and corporate earnings has resulted in a more cautious positioning for the fund.
25 Jul English South Africa Investing · Business News

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