South Africans have been wary of bulking up their offshore funds even as returns skyrocket.
The first half of the year has been good for offshore funds — due partly to the rand’s volatility and due partly to a return in confidence in the shares of some of the world’s largest companies.
The tech sector, which received a lashing last year, regained some ground. The S&P 500, laden with some of the world’s largest tech players — including Apple, Amazon and Microsoft — returned more than 17% in dollar terms over the 12 months to June 22...
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