Archive for April 18th, 2008

Daily Archive
Friday, April 18th, 2008

Why are financials so cheap?

By Shaun le Roux
There is overwhelming consensus among local fund managers that the domestic financials, particularly banks, are cheap. They are almost certainly right, but may have to be patient before their overweight position pays off.
In global financial markets, financials have borne the brunt of the turmoil in equities. Small wonder. Giant global banks have […]

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