Magnus Heystek's new car - NOT funded by Old Mutual

Magnus Heystek sits down with BizNews founder Alec Hogg on the final BizNews Power Hour for 2021. The hard-hitting Heystek compares the largest SA-focused equity fund within the Old Mutual stable to a US Franklin Templeton opportunities fund over the last 10 years, with more than a four-fold differential in investment performance. The Old Mutual Investors Fund managed to convert R100,000 in 10 years into less than a quarter of a million rand while the same amount invested in the Franklin Templeton US opportunity fund would equate to around R1m. South African pensioners have been at the peril of local asset managers that have grossly underperformed global equity markets, primarily as a result of the restrictions in offshore allocations allowed by Regulation 28.  Learn more about your ad choices. Visit megaphone.fm/adchoices