n Personal Finance Newsletter - Offshore investing : don't turn your back now : economic trends
|Article Title||Offshore investing : don't turn your back now : economic trends|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Dec 2009|
|Pages||2 - 3|
South Africans who put their savings into offshore equity markets when exchange controls were eased in the late 1990s have been badly disappointed over the past decade: the MSCI World Index has returned 2.8% per year in rand terms and the average SA unit trust in the Foreign Equity sector returned only 3.3% per year in the ten years to 30 September 2009, leaving investors with little to show for their offshore portfolios.
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