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Global growth prospects continue to deteriorate
Allan Gray Unit Trust Management
Allan Gray Unit Trust Management
Q1 of 2023 | 3 years ago
The prospects for global growth are deteriorating. A severe recession in Europe is probable during the next six months due to the impact of the war in Ukraine on energy supplies. China’s economy has slowed dramatically due to the bursting of its property bubble and its strategy of total lockdown when there is any outbreak of COVID-19 infections. Slowing global trade is having an adverse impact on emerging countries.
In 2023, Allan Gray Manco is celebrating its 50th birthday of existence , founded in 1973.
Asset manager Coronation saw a need for a shariah-complient leaning asset managemnt and in 2002, founded a standalone manager Kagiso AM (now Camissa AM).
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