Topical articles, commentary and interviews from the unit trust industry and the broader economy, edited by Liz Still, Head of Research at Equinox.co.za. Please email with any comments or suggestions.
Many of these articles have appeared as part of our regular newsletter.
| 03 Feb 12 |
Karl Leinberger Chief Investment Officer of Coronation Asset Management writes
that the global economic outlook is clearly pretty grim. Most developed economies
face the prospect of a prolonged.. |
| 01 Feb 12 |
Tony Gibson of Coronation Asset Management writes that as 2011 drew to a close
it certainly felt as if the trend for the year was a pretty dire bear market;
such was the ongoing arrival of.. |
| 01 Feb 12 |
The Association for Savings and Investment South Africa (ASISA) released the
2011 industry statistics at a media briefing this week. Key trends over the
course of last year included surprisingly.. |
| 30 Jan 12 |
Mark Cliff, Head of Communications at PSG Asset Management writes that last
Wednesday night saw the 16th annual Raging Bull Awards being presented at The
Rotunda in Camps Bay and PSG Asset.. |
| 27 Jan 12 |
As the South African tax year is the end of February , during January and
February it is appropriate that South African tax payers should review their
retirement contributions, writes Liz Still,.. |
| 26 Jan 12 |
Peter Brooke, Head of Macro Strategy Investments (MSI) at Old Mutual, points out
that amidst the global turmoil there have been some constants, and points out
that many of the themes they first.. |
| 24 Jan 12 |
Adrian Saville, CIO of Cannon Asset Management writes that South Africa’s
economic performance is highly correlated with that of our traditional economic
partners, including Britain, Western.. |
| 23 Jan 12 |
Ian Liddle, Chief Investment Officer, Allan Gray notes that South Africa has
thus far been spared the crushing austerity measures affecting Europe. This
article has been adapted from the Chief.. |
| 23 Jan 12 |
Greg Flash of PSG Asset Management writes that when investing in stocks, some
investment managers believe that meeting management is critical to understanding
and investing in a company, while.. |
| 20 Jan 12 |
The asset management industry is gearing itself up for the implementation of the
Dividends Tax, due to be introduced on April 1st 2012. Liz Still, Research
Editor of PSG Online / Equinox unpicks.. |
| 19 Jan 12 |
Malcolm Charles, portfolio manager, Investec Asset Management writes that there
was little surprise in the decision by the South Africa Reserve Bank (SARB)
today (Thursday 19th) to keep rates on.. |
| 18 Jan 12 |
Paul Stewart of Plexus Asset Management writes that 2011 turned out to be a
truly fascinating year. This was especially true if one’s livelihood is derived
from managing clients’ investable.. |
| 18 Jan 12 |
Adenaan Hardien, economist at Cadiz Asset Management writes that Stats SA
published the December Consumer Price Index (CPI) report this morning. Consumer
inflation was unchanged at 6.1% for the.. |
| 17 Jan 12 |
Value based asset manager RE:CM believes pockets of affordability have started
to appear in certain cyclical stocks, particularly in the resources sector, it
cautions investors looking to take.. |
| 17 Jan 12 |
South Africa's All-share index hit a lifetime high at mid day today, trading at
33 489, before closing at 33 467, a level above the previous record of 33 334
set 11 months.. |
| 17 Jan 12 |
Nedbank recently launched an Exchange Traded Fund, the BettaBeta Green ETF,
which has been designed to track the Nedbank Green Index. In theory, ‘Green’
investors can now invest in those companies.. |
| 16 Jan 12 |
Paul Bosman of PSG Asset Management writes that as usual PSG will decline to
take part in the predictions and prognostications of how 2012 will unfold in the
financial markets arena. Instead he.. |
| 13 Jan 12 |
Wikus Furstenberg, Portfolio Manager at Futuregrowth Asset Management notes that
more eurozone troubles, global currency volatility, mixed economic growth
fortunes (USA improvement versus.. |
| 12 Jan 12 |
Erik Nel, fixed income strategist at Atlantic Asset Management writes that while
it seems a tall order at this early stage to wish for 2012 to be a slightly
“easier” one than 2011, hope springs.. |
| 11 Jan 12 |
Most investors, not to mention fund managers, will be pleased that 2011 is
over. It was a year of high levels of political uncertainty coupled with
devastating natural disasters, particularly in.. |
| 11 Jan 12 |
Ricco Friedrich, portfolio manager at Sanlam Investment Managers reviews the
investing environment of 2011 and looks ahead to.. |
| 10 Jan 12 |
Allan Gray has announced that after 10 years with Allan Gray, director and
portfolio manager Delphine Govender will be leaving the company in the next
three months to pursue personal.. |
| 09 Jan 12 |
Winston Floquet, chairman of the Flagship Asset Management investment looks at
the headwinds facing Europe and the US for the year.. |
| 09 Jan 12 |
Old Mutual has announced that Kuseni Dlamini, Chief Executive Officer of Old
Mutual Emerging Markets (OMEM) has decided to move on from the Company to pursue
other business.. |
| 20 Dec 11 |
John Stopford, Investec Asset Management portfolio manager, notes that over
recent months markets have been dominated by the worsening sovereign credit
crisis in the euro.. |
| 19 Dec 11 |
Philip Saunders and Max King, portfolio managers at Investec Asset Management
write that they think a break-up of the European Union is not only inevitable
but the best outcome for the national,.. |
| 19 Dec 11 |
Vincent Hey of Seed Investments writes that John Mauldin recently wrote a book
called “Endgame” which is about the end of the debt supercycle and how it
changes everything which he found an.. |
| 14 Dec 11 |
Adrian Saville, CIO of Cannon Asset Managers, suggests shares to buy with your
December.. |
| 14 Dec 11 |
PSG Online asked some of our leading fund managers and market commentators
what they would recommend for a gift to someone interested in learning more
about investing. Some took the trouble to.. |
| 14 Dec 11 |
Adenaan Hardien, Economist at Cadiz Asset Management writes that Stats SA
published the November Consumer Price Index (CPI) report this morning.
Consumer inflation rose to 6.1% from 6.0% in.. |
| 14 Dec 11 |
Adrian Clayton of PSG Asset Management writes that in the final PSG newsletter of
2011, he would give readers feedback on three fronts – what has happened
around the world this last year, what.. |
| 13 Dec 11 |
According to Mark Saunders, institutional asset consultant at acsis the ongoing
European debt crisis esulted in high levels of uncertainty amongst investors
throughout.. |
| 12 Dec 11 |
Dr Adrian Saville, CIO of Cannon Asset Managers, looks at reasons why SA
businesses and consumers should be worried about the economic problems in.. |
| 12 Dec 11 |
According to René Swart, Head of Investment Accounting and Regulatory
Reporting at RisCura, an independent analytics provider and investment company,
the new version of Regulation 28 of the.. |
| 09 Dec 11 |
Daniel Isaacs of 36One Asset Management writes that the most recent Monetary
Policy Committee meeting in November left interest rates unchanged. The question
of where interest rates are going is.. |
| 09 Dec 11 |
Merina Willemse, economist at the Efficient Group writes that as South African
consumers, we have taken a beating over the past few years – economically
speaking that.. |
| 08 Dec 11 |
At a recent media lunch Investec’s Michael Power described the European Union
debt crisis as ‘the dress rehearsal for the US’. Coronation Asset Management CIO
Karl Leinberger has spoken of the.. |
| 06 Dec 11 |
As South African investors look to take stock of their financial situation in a year
characterised by turbulent economic conditions and high levels of stock market
volatility, many will be left.. |
| 05 Dec 11 |
Rob Formby, Director of Retail Operations, Allan Gray writes that acknowledging
your future financial needs and making concrete plans to meet these is a discipline
that will benefit you and your.. |
| 05 Dec 11 |
Paul Bosman of PSG Asset Management writes that company analysts have on
numerous occasions over the last couple of months emphasised the merits of
offshore investments. We have also written.. |
| 02 Dec 11 |
Almost 10 years since the Angolan ceasefire, the country’s economy has risen like
the proverbial phoenix from the ashes. Adrian Saville, CIO of Cannon Asset
Managers, reviews Angola’s ten year.. |
| 02 Dec 11 |
Adenaan Hardien, economist at Cadiz Asset Management comments on the Stats
SA third quarter GDP report published earlier this.. |
| 02 Dec 11 |
Merina Willemse of the Efficient Group writes that this famous nursery rhyme could
become reality if the European Union (EU) is.. |
| 01 Dec 11 |
Craig Pheiffer, General Manager Investments at Absa Private Clients writes that
the question over who was first to coin the phrase ‘prediction is very difficult,
especially about the future’.. |
| 28 Nov 11 |
Philipp Wörz of PSG Asset Management writes that as part of their investment
process, PSG Asset Management makes use of custom built screening models to
generate investment ideas. After having.. |
| 28 Nov 11 |
According to a newsletter released by Sanlam’s Kokkie Kooyman, the probability
of the recurrence of a ‘Lehman’s-moment’ with a nasty outcome is increasing
daily. ‘The Europe end game is in.. |
| 22 Nov 11 |
Atlantic Asset Management has announced that their Atlantic Cash Plus Fund has
changed its name to the Atlantic Stable Income Fund with effect from November.. |
| 22 Nov 11 |
Wikus Furstenberg, Portfolio Manager at Futuregrowth Asset Management writes
that there is no doubt that the latest Eurozone agreement contains the most
comprehensive list of actions of all the.. |
| 22 Nov 11 |
The Coronation Top 20 Fund has been a perennial favourite with Equinox
investors; the R8.7 billion fund features amongst the top ten performing unit trusts
on the Equinox platform* over rolling.. |
| 22 Nov 11 |
Jeremy Gardiner, director, Investec Asset Management remembers that back in
November 2010, South Africans were still basking in the glory of a world-class
World Cup, summer was on its way and.. |
| 21 Nov 11 |
Greg Hopkins of PSG Asset Management writes that a lot has been written on the
effects of deleveraging on GDP growth*, inflation and interest.. |
| 18 Nov 11 |
Jeanette Marais, Director of distribution and client services, Allan Gray writes that
a key step when planning your investment is choosing the right unit trust based on
your risk profile and.. |
| 18 Nov 11 |
Cor van Deventer of Seed Investments notes that news broke on Wednesday last
week that the US credit rating agency Moody’s has downgraded the outlook on
South Africa’s local and foreign currency.. |
| 18 Nov 11 |
The RE:CM Global Feeder Fund is a rand denominated fund mandated to invest
offshore. Its underlying fund is the RE:CM Global Fund, a global asset allocation
portfolio with specific focus on.. |
| 17 Nov 11 |
A report from Momentum Collective Investments on global markets notes that
overall improved global risk appetite supported a strong risk asset rally in
October. Investors became more optimistic.. |
| 14 Nov 11 |
Johan Pyper of PSG Asset Management writes that the FTSE/JSE All Share failed
again to end the month above the previous all-time high of 33232,9, reached on
the 22nd of May 2008, regardless of.. |
| 14 Nov 11 |
Merina Willemse of the Efficient Group writes that no one should hold their breath
for a solution to the Euro-zone crisis. She says that Greece may have been
muscled into cohesion, but now its.. |
| 11 Nov 11 |
The Catalyst Global Real Estate Fund has been ranked first in the world by
independent research house Morningstar*. Beating 54 other funds, the Catalyst
fund was placed in the number one slot.. |
| 11 Nov 11 |
Paul Stewart, Chief Investment Officer of Plexus Asset Management writes that on
a recent Dad’s morning out with the kids, he visited the Cape Town Museum.
Among the wide array of exhibits vying.. |
| 11 Nov 11 |
Jenny Sheehy, Portfolio Manager at Futuregrowth Asset Management explains the
details of this relatively new.. |
| 11 Nov 11 |
Strate Charity Shares (SCS), a scheme designed to help the needy via the
donation of JSE listed shares, donated a total of R300 000 to four charities this.. |
| 10 Nov 11 |
Eric Nel of Atlantic Asset Management writes that South Africa's ratings downgrade
was 'always, always, going to happen'. Fortunately it has taken the less-hawkish
ratings agency of the three.. |
