Ghost Stories #13: Offshore or Offsides? Objectively Assessing Exposure with Nico Katzke (Head of Portfolio Solutions at Satrix)

In this episode of Ghost Stories, Nico Katzke (Head of Portfolio Solutions at Satrix) returns to the platform for another fantastic discussion on a variety of finance topics, with the key theme being offshore vs. local investment.

With all the stresses that we face every day as South Africans, does it make sense to take money offshore at any cost and at any valuation? Or is there value to be found in the rand and on the local market?

We covered topics including:

• Why local vs. offshore is such an important (and emotive) topic for South Africans.
• Has the rand really been as bad as people think?
• The extent of offshore exposure that can already be obtained through investing on the JSE.
• The attractiveness of local yields.
• The importance of valuation in any assessment, as things aren’t usually as good or as bad as they seem.
• The recovery of China and the impact this has on local commodity players and luxury businesses.
• Is “home bias” an issue for South Africans, or do we ironically suffer from the reverse?
• The volatility paradox and how rand volatility interacts with volatility of other asset classes in investment funds.
• The value of letting data drive our decisions.

For more from the Satrix – Ghost Mail partnership, visit this link to find various podcasts and articles.