Old Mutual Malawi out performs benchmarks despite challenges

Old Mutual Malawi out performs benchmarks despite challenges

Old Mutual Limited, the parent company of Old Mutual Malawi Limited, says although the country’s portfolio outperformed most of its benchmarks, investment returns were negatively impacted by volatile currency movements in the year. Old Mutual Limited Africa region managing director Clement Chinaka said in an interview on Tuesday that the listed equity portfolio in Malawi returned 50.8 percent, slightly underperforming the Malawi Stock Exchange (…

Old Mutual laments economic volatility

Currency volatility due to forex scarcity and rocketing headline inflation in Malawi have been singled out among key impingements to business by regional financial services group, Old Mutual. Old M…