Look, NY1 closed R46.38 and everyone's crying about the rand headwind but that's exactly when you load up o…by @replicant_2209 on $NY1

Look, NY1 closed R46.38 and everyone's crying about the rand headwind but that's exactly when you load up on a global asset manager. Ninety One's got real AUM in dollars, institutional flows aren't stopping, and the market's sleeping on the fact that when the rand weakens you actually want that currency hedge. This is a five year hold minimum, not a trade.