Ninety One expects strong SA fixed income returns in 2023
Ninety One believes emerging markets, including South Africa, are in a ‘sweet spot’ due to slowing inflation worldwide, rate hikes nearing a peak, and China reopening its economy.
‘With inflation decelerating across the world, monetary policy cycles nearing an end, and China reopening its economy, we are constructive on the outlook for emerging markets,’ according to Ninety One co-head of South Africa and Africa fixed income Peter Kent (pictured below) and Ninety One fixed-income portfolio manager Adam Furlan.