With Cryptocurrencies displaying tremendous performance last year, it is just a matter of time before clients start asking for your informed view on these potential investment opportunities. We provide pertinent background on the rise of Cryptoassets, share the main findings from a recent publication on Cryptoassets by the CFA Institute and suggest a model answer to the dreaded question: “Mr/Mrs Advisor, what’s your view on Cryptoassets?”
In the first week of February, US GDP data was released, showing that real GDP in the US in 2020 was down 3.5% from 2019, the worst performance since 1946.
Finance Minister Tito Mboweni delivered arguably his most important budget speech to date on 24 February. Most commentators described it as “investor friendly” as it went a long way to signal government’s intention to reign in the civil servant wage bill and reach a balanced budget by 2023/4.