Last year was already promising, even with an embattled president leading the country: according to the United Nations Conference on Trade and Development, foreign investment increased by 43% in 2017, reaching $3.2 billion (ZAR 38.65 billion). Of course, there are still challenges aplenty: social problems (e.g., land distribution and crime rates); high levels of inequality; high unemployment; tight public finances; and political fragmentation, including in the ruling party itself (ANC). But South Africa has, at the same time, one of the highest GDPs in Africa, and its economy is probably the most industrialized and the best diversified. We are confident that this new era, with renewed investor confidence and much better political leadership, will bring about faster economic development, setting the country on a better course for the future.
This article was written by Innealta Capital, a participant in the ETF Strategist Channel.
Important information
The information provided comes from independent sources believed reliable, but accuracy is not guaranteed and has not been independently verified. This presentation includes opinions of Innealta Capital (Innealta), a division of AFAM Capital, Inc., and the performance results of such recommendations are subject to risks and uncertainties. All opinions and views
constitute our judgments as of the date of writing and are subject to change at any time without notice.
This material is not intended as and should not be used to provide investment advice and is not an offer to sell a security, or a solicitation, or an offer, or a recommendation, to buy a security. Investors should consult with an investment advisor to determine appropriate investment vehicles. Investment decisions should be made based on the investor’s specific financial
needs and objectives, goals, time horizon and risk tolerance.
Any investment is subject to risk. Exchange traded funds (ETFs) are subject to risks similar to those of stocks, such as market risk. The value of an investment and the return on invested capital will fluctuate over time and, when sold or redeemed, may be worth less than its original cost.
Country/regional risk is the chance that world events such as political upheaval or natural disaster will adversely affect the value of securities issued by companies in foreign countries or regions. Country/Regional risk is especially high in emerging markets. Emerging markets risk is defined as the chance that stocks of companies located in emerging markets will be substantially more volatile, and substantially less liquid, than the stocks of companies located in more economically developed foreign markets.
It is not possible to invest directly in an index.
Innealta Capital is a division of AFAM Capital, Inc., a Registered Investment Advisor to individually managed client accounts and certain mutual funds. For more information, please visit afamcapital.com. Registration of an investment adviser does not imply any certain level of skill or training.
Innealta is an asset manager specializing in the active management of portfolios of ETFs. Contact your financial advisor for additional information.
For advisor use only. The material provided herein has been provided by AFAM Capital, Inc. and is for informational purposes only. AFAM Capital, Inc. serves as investment adviser to one or more mutual funds distributed through Northern Lights Distributors, LLC member FINRA/SIPC. Northern Lights Distributors, LLC and AFAM Capital, Inc. are not affiliated entities.
102-AFAM-3/22/2018
3319-NLD-3/27/2018