Weekly Thoughts 31 January 2014

A few quips and lines from listening to the clever people from seven different asset management houses this week:

• The Rand is the most liquid emerging market currency in the world, hence it is the most traded and volatile of these currencies, always over and under shooting.
• The best way to protect our clients is to be in quality companies.
• NetEase (a leading China-based internet technology company) has 3 billion US dollars in its bank account. Regardless of share price fluctuation, companies like this are incredibly cash strong. And there are many of them.
• Offshore (in relation to SA) equities are the best buy right now regarding price and dividend yield.

Gold did poorly in in 2013 and looks the same for 2014. Is it really still a protection asset?