FNBINF at R28.45 gives you real yield protection if inflation stays elevated, but the fund's performance hi…by @sceptic_pieter on $FNBINF

FNBINF at R28.45 gives you real yield protection if inflation stays elevated, but the fund's performance hinges entirely on the central bank's policy path. Yield-seekers might find better value in nominal bonds if rate cuts materialize, so this is more of a hedge than a growth pl