Hi Falcon, I am conservative here..... weighting US elections, macros(wars,etc)....with a believe IVZ will thrive and perform reasonably... $0.25 Xmas time with volatility at a large band...UP and DOWN depending on Fomo/speculation/volumes....eg. only $0.10c to $0.45c.....
Being rosey glasses is not my choice... which would mean $0.40<...... It would be more than welcome but.....we must keep our feet on the ground always...... I really like Mutapa Investment Fund approach at 10c PREMIUM........
The Mutapa Investment Fund is Zimbabwe’s version of a Sovereign Wealth Fund (SWF). Like other SWFs, it’s a state-owned investment fund that invests in a variety of assets. Thus, Zimbabwe is not the first country to have an Investment fund. Many countries have these funds and they can be very successful. For example, Norway has one of the largest and most successful funds in the world, which is funded by oil revenues.
In summary, the Mutapa Investment Fund represents a significant milestone for Zimbabwe, not just as a financial instrument but as a harbinger of economic potential. By understanding its foundation, based on the Sovereign Wealth Fund Act and the recent Statutory Instrument 156 of 2023, we gain insights into Zimbabwe's economic ambitions. Moreover, the fund serves as a unique "savings account" for the nation, which could play a critical role in stabilising its economy and fostering development.
Lastly, the social and economic impacts of this fund on the average Zimbabwean cannot be overstated. From potential job creation to improved public services, the Mutapa Investment Fund could be a game-changer in elevating the standard of living.
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