FFM podcast ep13: Playing the Rand; Trust the fundamentals; Beating the benchmark

The South African Rand hit a record level of 19.92 against the United States Dollar in June. And despite returning to the mid-17s this week, the longer-term trend is weaker. But what does this mean for Fantasy Fund Managers? In this week's podcast, BizNews' Stuart Lowman was joined by Corion Capital's David Bacher and Simon du Plooy. Simon, the head of asset allocation at the fund manager, broke down internal and external events that drive the local currency but, more importantly, how these movements impact the shares in the game. Stock rotation has been spoken about on the podcast before, and the currency trend, whether up or down, is at the heart of this rotation. David also pulled out the benchmark return of the 60 shares and explained how 64% of managers are currently beating the index. Remember to make your picks each week by the market open on Monday to have a chance to win any of the prizes up for grabs. And invite your friends. Register at www.fantasyfundmanager.co.za—thanks to our platinum sponsors Sharenet, Terebinth Capital, ClucasGray Asset Management, and Money Better. Remember to subscribe to the podcast so you don't miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices