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FNBWGB at R6.37 offers decent diversification into developed market sovereigns, but you're getting hammered…by @jim_jse4 on $FNBWGB

JI
jim4@jim_jse4·MemberBearish

FNBWGB at R6.37 offers decent diversification into developed market sovereigns, but you're getting hammered by rand weakness and rising global rates. Compare that to local bond ETFs like Coronation or Allan Gray which at least give you rand-denominated returns without the currenc

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