Inflation has moved well out of its target of 3% to 6% and looks set to stay that way for at least the next 18 months. At the same time volatility in the stock market has increased. During this difficult period, will absolute fund managers be able to meet their inflation-linked targets?
My domestic worker is adamant that she would rather save to build a house in her village than invest in a retirement product. She is far from unusual. <i>Old-Age Saving by Low-Income Earners</i>, a study conducted by Genesis Analytics for FinMark Trust and the South African Savings Institute, confirms that housing and education are priorities for low-income earners.