Market Wrap - Stock Pick — Nasdaq

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Robert Cameroon from Thebe Stockbroking chose Nasdaq 100 PRTF (STXNDQ) as his stock pick of the day. "My stock pick is this the Nasdaq ETF, the Satrix one and it's denominated in rands on the JSE. It's a very nice rand hedge. The rand has strengthened quite a lot so we are hedging against negativity, a possibility of a downgrade to sub investment grade. Then with the G20 meeting next week and if there is a trade resolution or something of that sort it means that your tech shares which Nasdaq is heavy on should react quite positively to that and coupled with a rand hedge exposure I like that for now."
21 Jun 2019 3AM English South Africa Business · Business News

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