Equities are the asset class of choice for the next six months, say local fund managers.
But be selective about shares you invest in because some sectors are expected to outperform the pack. In their quarterly unit trust reviews released this week, local fund managers are excited about the market prospects. As for the rand, Investec Guinness Flight forecasts a trading range of R6 to R6.50 for this year, and a range of R6.25 to R6.75 next year. The stock market should be further boosted by increased buying interest from foreigners. Guardbank says overseas stocks are seen to be expensive.