Old Mutual prefers SA shares, says global equities are still too expensive

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Old Mutual Investment Group says the rising inflation will be a drag on global equity returns. Meanwhile, SA Inc stocks are 'almost guaranteed to deliver a good real return'.
Old Mutual Investment Group says the rising inflation will be a drag on global equity returns. Meanwhile, SA Inc stocks are 'almost guaranteed to deliver a good real return'.
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While South Africa is starting to open the door for people to invest money offshore a little wider, now may not the best time to pile up on global equities, says the Old Mutual Investment Group (OMIG). 

Finance Minister Enoch Godongwana has proposed that institutional investors, like pension funds, be allowed to invest 45% of their assets offshore. This is over and above the discretionary allowance of up to R1 million a year that people can invest offshore in their individual capacity.

READ | How the shrinking JSE listings is fuelling offshore investing

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