On the same day, the Government Pension Investment Fund (GPIF) announced a rise in
domestic equity weights and an increase in foreign asset holdings for its portfolio.
While U.S. investors have traditionally been heavily
weighted toward
domestic stocks, the flows into international
equity funds have been very strong this year — until recently.
However, the performance of ZAR - denominated
domestic equities, as measured by the S&P South Africa Domestic Shareholder Weighted (DSW) Index, held up reasonably well and went up by 16 % over t
domestic equities, as measured by the S&P South Africa
Domestic Shareholder Weighted (DSW) Index, held up reasonably well and went up by 16 % over t
Domestic Shareholder
Weighted (DSW) Index, held up reasonably well and went up by 16 % over the year.