n Management Today - Offshore markets still look attractive for diversification benefits
|Article Title||Offshore markets still look attractive for diversification benefits|
|© Publisher:||Richard Havenga & Associates|
|Publication Date||Nov 2006|
Extracted from text ... Management Today Yearbook 2007 31 Offshore markets still look attractive for diversification benefits Despite the weakness of the Rand in recent months, offshore markets still offer attractive diversification opportunities for South African investors over the longer term, according to Denzil Burger, senior portfolio manager at Old Mutual Asset Managers (OMAM). The Rand has depreciated approximately 19% against the US dollar so far in 2006 including a fall of over 30% from its highest to lowest point, but this is still much smaller than the 85% weakening experienced in 2000 and 2001, Burger pointed out. "The Rand's fall has been ..
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