June 2003 - A note on the recent flight to cash in South Africa
Michael A Kock
Last Modified Date:
2020-10-01, 09:31 PM
Quarterly Bulletins > Articles and Notes
This note briefly reviews the impact of changes in share prices on the preference for liquid assets of South African investors. Changes in investor sentiment are reflected in reallocations of assets between equity, fixed-interest securities, cash and bank deposits and money-market instruments, and by the ebb and flow of funds to the unit trust industry.