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.
| 22 Dec 08 |
Alwyn van der Merwe, director of investments at Sanlam Private Investments
chooses five shares he would like in his Christmas stocking and Malcolm Steward,
portfolio manager at Sanlam Private.. |
| 22 Dec 08 |
Sanlam Investment Management (SIM) has announced the resignation of Steve
Mills who intends pursuing money management opportunities within a different
setting in the Sanlam Group... |
| 18 Dec 08 |
Duncan Artus, portfolio manager, Allan Gray Limited writes that in the light of the
significant volatility in the equity and currency markets, Allan Gray thought that it
would be useful to.. |
| 15 Dec 08 |
Cobus du Plessis of the Institute of Behavioral Finance and Business Development
Manager at EFS Investment Solutions, writes that most people think they are good
at managing money. However, if.. |
| 12 Dec 08 |
The Reserve Bank has cut its repo rate by 50 basis points to 11.5%, effective
tomorrow. Banks are expected to follow the Reserve Bank’s lead by cutting
lending rates in sympathy. .. |
| 12 Dec 08 |
Neels van Schaik of Alphen Asset Management says goodbye to 2008 and peeks
into what 2009 may hold for.. |
| 05 Dec 08 |
At a presentation on value investing, Lo Giyose, fund manager of the Stanlib Value
Fund took his audience through the difference between cheap and.. |
| 05 Dec 08 |
Shaun le Roux of Alphen Asset Management looks back at 2008 and forward to
what 2009 might hold in store. If you don't like gloomy newspaper headlines don't
buy a newspaper in 2009, he writes... |
| 04 Dec 08 |
At a presentation earlier this week, Investec strategist, economist and historian
Michael Power selected iconic Economist front covers which, when pieced together,
presented the case for a broad.. |
| 03 Dec 08 |
In the Stanlib's Weekly Focus of December 1st, investors are urged to see the
current economic downturn in perspective. Paul Hansen, Group Director, Retail
Investing reminds investors of the.. |
| 02 Dec 08 |
Geoff Blount, CEO of Cannon Asset Managers, shares his observations of what
makes a successful asset.. |
| 02 Dec 08 |
Malcolm Charles, portfolio manager at Investec Asset Management argued for a
rate cut in December in an article written by Garth Theunissen and published on.. |
| 02 Dec 08 |
Cobus du Plessis of the Institute of Behavioral Finance and Business Development
Manager at EFS Investment Solutions writes that 'Fight-or-flight' is the natural law
of the jungle. But the same.. |
| 01 Dec 08 |
Chief Investment Officer of Analytics, Lance Vogel writes that the year 2008 will go
down as one of the most memorable in the history of the modern economic world.
Those people operating in.. |
| 01 Dec 08 |
Neels van Schaik of Alphen Asset Management writes that despite market
uncertainty buying high dividend payers provides investors with a high margin of.. |
| 28 Nov 08 |
Armien Tyer, managing director at Sanlam Investment Management (SIM) has
announced the resignation of Johan de Bruijn, head of the small and mid cap
sector, who joined the company in 2004. De.. |
| 26 Nov 08 |
.. |
| 26 Nov 08 |
Sanlam Investment Management (SIM) has appointed Candice Paine as its new
head of retail. Paine previously held the position of head of research at Glacier,
the LISP for the Sanlam.. |
| 17 Nov 08 |
Peter Eerdmans, Head of Emerging Market Debt at Investec Asset Management,
reflects on the outlook for emerging markets by drawing parallels with historic.. |
| 17 Nov 08 |
Paul Hansen, Group Director, Retail Investing of Stanlib writes that global
conditions are worsening. He quotes BCA Research house from Canada who point
out that global economic risks are.. |
| 17 Nov 08 |
Kevin Lings and Melissa Rankin of Stanlib Economics and Group Retail Investing
write that Fitch Rating Agency have reviewed the credit rating for 17 emerging
market economies. As would be.. |
| 17 Nov 08 |
Lance Vogle of Analytics comments on the response to our Fitch downgrade and
the short lived euphoria over the Obama victory, due to continuing sub-prime.. |
| 10 Nov 08 |
Kevin Lings, chief economist at Stanlib reports that last week the International
Monetary Fund revised down their world GDP growth estimate for 2009 by a very
significant 0.8 percentage points.. |
| 10 Nov 08 |
Philipp Wörz of Alphen Asset Management compares the "once in a lifetime" bull
market to a mirage. He writes that the month of October saw the Johannesburg All
Share Index (ALSI) shed 23% to an.. |
| 10 Nov 08 |
The US$700 billion US bank bailout and rescue packages to prop up Western
financial sectors have diverted investor attention from multi-billion dollar funding
that in relative terms may have.. |
| 07 Nov 08 |
Nedgroup Investments have written to clients to announce fund manager changes
to three of their funds, the Nedgroup Investments Global Equity Feeder Fund, the
Nedgroup Investments Inflation.. |
| 07 Nov 08 |
The new Association for Savings and Investment South Africa (ASISA) aims to
play an integral part in achieving a greater savings culture in South Africa by
working as a united body towards.. |
| 07 Nov 08 |
On the back of recent events, the South African stock market has fallen by 35% in
rand terms and by almost 60% in US dollar terms. This is the biggest twelve
month dollar correction since at.. |
| 06 Nov 08 |
Paul Hutchinson, Head of Cadiz Collective Investments writes that Cadiz fund
mangers firmly believe that share prices do not always reflect fundamental value
over the shorter term as a result of.. |
| 06 Nov 08 |
Kevin Lings, economist at Standard Bank writes that the Bank of England decided
to cut rates by a massive 150bps today (Nov 6th). He says that the market was
expecting only a 50bps, although a.. |
| 05 Nov 08 |
At a presentation this week, Allan Gray fund manager Duncan Artus spoke about
the underlying holdings of the Allan Gray Equity Fund. Sin bin stocks SAB Miller
and British American Tobacco rank.. |
| 05 Nov 08 |
Mark Cliff of Alphen Asset Management says that the affluent need to decrease
their expenses too. He writes that right now, many people are taking home less
each month than they did over the.. |
| 03 Nov 08 |
Arno Lawrenz, the Chief Investment Officer of Atlantic Asset Management, a
specialist Fixed Income asset management house which currently manages R2.4bn
in various fixed income mandates. He.. |
| 03 Nov 08 |
Adrian Saville, CIO of Cannon Asset Managers writes that with the JSE on a p:e of
9.5 times, based on historical relationships, investors can expect a return of about
23% per year for the next.. |
| 31 Oct 08 |
Philip Saunders, Head of Investec Asset Management's Multi-Asset team writes
that in recent weeks we have witnessed an unprecedented general market
dislocation. Although the impact on real.. |
| 30 Oct 08 |
Foreign investors in South African equities and bonds may be heading for the
exits, but the outside world is far from turning its back on Africa as a whole. The
contrast in sentiment has been.. |
| 30 Oct 08 |
Adenaan Hardien, Chief Economist of Cadiz African Harvest Asset Management
writes that consumer inflation fell in September, confirming that the August
reading was the peak in the cycle. The.. |
| 30 Oct 08 |
Eric Lonergan, Director of M&G Investments in London, and guest of Prudential
Portfolio Managers in Johannesburg this week, made some controversial remarks
about the capacity, or lack of such.. |
| 28 Oct 08 |
Mark Seymour of Alphen Asset Management writes that on an historic basis, the
domestic market currently looks.. |
| 28 Oct 08 |
US-based Brent Smith, Chief Investment Officer, Franklin Templeton Managed
Investment Solutions (FTMIS) write that at the beginning of the third quarter of
2008, the calendar year was already.. |
| 28 Oct 08 |
Paul Hansen, Group Director, Retail Investing of Stanlib writes that as of noon on
Monday 27th October, the JSE All Share Index was down by 46% from its record
high five months ago and that this.. |
| 28 Oct 08 |
Kevin Lings and Melissa Rankin from Stanlib Economics and Group Retail Investing
try and make sense of the economic data currently.. |
| 24 Oct 08 |
Lance Vogel of Analytics writes that Warren Buffett's statement in 2003 that
derivatives were "… financial instruments of mass destruction …" and the
accompanying prediction that "… there is no.. |
| 24 Oct 08 |
Sanlam Investment Management (SIM) Investor Confidence Index, conducted by
the Institute of Behavioural Finance, indicates new a low in October. Frederick
White, head of SIM research and.. |
| 24 Oct 08 |
Kevin Lings, chief economist at Stanlib writes that unlike the 2001/2002 SA
currency crisis, when the reasons behind the Rand weakness were difficult to
ascertain, the cause of the current Rand.. |
| 24 Oct 08 |
The GCI Balanced Fund of Funds, managed by Geoff Cook, is the leading fund in
the prudential medium sector. The fund has not only outperformed the other 35
funds in the sector, but is ranked.. |
| 19 Oct 08 |
After the worst weekend ever on global markets last week and much activity
amongst the G7 and the European finance ministers over the weekend, the world
started a fresh week with commitments.. |
| 19 Oct 08 |
Sandy McGregor of Allan Gray shares his thoughts on the current economic crisis.
He writes that South Africa's banking system so far has survived the crisis in
financial markets relatively.. |
| 16 Oct 08 |
The Interneuron Managed Fund, managed by Willi Jonker is the leading Asset
Allocation Prudential Variable Equity Fund over 12 months. The mandate of the
fund allows the fund manager to vary the.. |
| 16 Oct 08 |
Di Turpin, outgoing CEO of the Association of Collective Investments (ACI)
announced yesterday that heavy inflows into money market funds once again
boosted total Collective Investment net .. |
| 15 Oct 08 |
Neels van Schaik of Alphen Asset Management looks at Pick and Pay Stores
Limited as an example of a quality stock, at a good price, with a high margin of.. |
| 13 Oct 08 |
Armien Tyer, Managing Director of Sanlam Investment Management writes that
when the signs of the current crisis first appeared about a year ago there were two
widely held views, the first that.. |
| 13 Oct 08 |
Jeremy Gardiner, director at Investec Asset Management, takes stock of the
financial crisis. 'As I said in my previous notes, predictions at this stage are futile,
so I will continue to focus on.. |
| 13 Oct 08 |
Arthur Kamp, investment economist at Sanlam Investment Managers writes that
global markets have been in a panic phase since September 15, intensifying the
housing market and consumer-led.. |
| 13 Oct 08 |
René Levy, head of Stanlib Cash Solutions writes that increased risk aversion in
markets due to the credit market turmoil and the subsequent financial crisis has
prompted many investors to.. |
| 13 Oct 08 |
Greg Flash of Alphen Asset Management looks at a ratio measuring "diversification
persistence" as being a useful additional measure in compiling multi-managed.. |
| 13 Oct 08 |
Deanne Gordon and Sonja Keller of JP Morgan explain that SA is in a normal
business cycle compared to the developed world. They say that South Africa has
had monetary tightening since mid-2006,.. |
| 08 Oct 08 |
Nic Andrew, Head of Nedgroup Investments answers five key questions about the
current crises, what caused it, and what investors should be.. |
| 08 Oct 08 |
Kevin Lings, economist at Stanlib writes that while the banking system in most
emerging markets economies is not directly poisoned by the 'toxic' debt, the sharp
increase in global risk aversion.. |
| 07 Oct 08 |
Chief Investment Officer of Analytics, Lance Vogel, writes about economic
prospects in South Africa and further.. |
| 07 Oct 08 |
Paul Hansen, (Group Director, Retail Investing) of Stanlib writes that the hope for
recovery once the $700bn bailout plan was approved faded rapidly amidst gloomy
economic news, so unfortunately.. |
| 07 Oct 08 |
Chief Investment Officer of Catalyst Fund Managers, Andre Stadler writes that the
SA Listed Property Index (J253) recorded a total return of -3.27% for September
2008. The Property Loan Stock.. |
| 07 Oct 08 |
PSG Fund Management has appointed Maitland as fund administrator for funds
valued at R12.5 billion, boosting funds under administration in Maitland’s fund
services division to R325.. |
| 06 Oct 08 |
Adrian Clayton of Alphen Asset Management writes that not since 1929 has an
economic event had such a profound affect on the world's economy as the current
US sub-prime.. |
| 03 Oct 08 |
Chris Freund, portfolio manager at Investec Asset Management, reflects on the
long-term outlook for equities in the wake of the ongoing global credit and liquidity.. |
| 02 Oct 08 |
Linked Investment Service Provider EFS Investment Solutions has announced
that 'in principle agreements' with the curators of the Ovation Companies, John
Levin and Barend Peterson to award the.. |
| 02 Oct 08 |
The global financial crisis in international markets has caused much uncertainty
amongst South Africans concerned about the effects of these events on their
retirement funds. Seelan Gobalsamy,.. |
| 25 Sep 08 |
A note from Pieter Koekemoer of Coronation Fund Managers outlines the
background to our present economic woes, the implications for South African
investors and Coronation's response.
.. |
| 23 Sep 08 |
Paul Hansen, Group Director, Retail Investing at Stanlib writes that the Americans
have single-handedly caused all the mayhem we've witnessed in global markets
over the past year or so and are.. |
| 23 Sep 08 |
Neels van Schaik of Alphen Asset Management waves goodbye to cheap capital
and asks how easy it would have been if fixing the excesses in the credit markets
that were created over a decade ago.. |
| 22 Sep 08 |
Will Africa provide a refuge for reeling international investors who appear to have
nowhere to go to avoid plunging global share prices? Maybe says Stanlib's London-
based marketers ... |
| 22 Sep 08 |
Patrice Rassou, portfolio manager from Sanlam Investment Management writes
about the origins of the present investing crisis. .. |
| 19 Sep 08 |
.. |
| 18 Sep 08 |
John Kinsley, Managing Director of Prudential Unit Trusts writes that as the US-led
credit crunch continues to produce high profile casualties, worried investors in
South Africa are beginning to.. |
| 18 Sep 08 |
Shaun le Roux of Alphen Asset Management reviews the current crisis on global
financial markets, courtesy of the Wall Street.. |
| 17 Sep 08 |
Paul Hansen, Group Director, Retail Investing writes that Alan Greenspan has been
quoted as saying that the US (and therefore the world) is experiencing a once-in-a-
century financial crisis. So.. |
| 16 Sep 08 |
Jeremy Gardiner, director at Investec Asset Management, examines what
investors should be doing following the collapse of Lehman Brothers and a
threatening global financial.. |
| 15 Sep 08 |
Cannon Asset Managers has announced that the company has been awarded a
R350m equity fund mandate by Absa Multi Management, one of the companies
within Absa.. |
| 15 Sep 08 |
Sanlam's investment cluster, Sanlam Investments, has taken a strategic step into
the growing Indian market. The company has announced a transaction which
includes a joint venture and a stake in.. |
| 15 Sep 08 |
Neels van Schaik of Alphen Asset Management discusses Resources versus
Financials and Industrials and asks, where are we now?.. |
| 11 Sep 08 |
Duncan Artus a portfolio manager and Lindy du Plessis, an analyst at Allan Gray
Limited make the point that the company has have cautioned for some time that
future real returns from South.. |
| 11 Sep 08 |
Claude van Cuyck, Head of Equities at Sanlam Investment Management writes
that the equity market has experienced some pretty violent moves this year,
making it difficult for investors to predict.. |
| 11 Sep 08 |
When considering the implementation of the proposed National Social Security
Fund, South Africa should take cognisance of key learnings from other countries
that could be adapted and applied to.. |
| 08 Sep 08 |
Arno is the chief investment officer of Atlantic Asset Management, a company that
he co-founded in 2007. Atlantic is a dedicated fixed income asset management
house and aims to provide.. |
| 06 Sep 08 |
In a wide ranging presentation this week, Sarasin and Partners, the managers of
the worldwide flexible classified Nedgroup Investments Global Balanced Fund
spelt out their investment.. |
| 04 Sep 08 |
Managed jointly by veteran fund manager Tim Allsop and Omri Thomas the
Nedgroup Investments Rainmaker fund, with assets under management of just
less than R10 billion has always been popular.. |
| 04 Sep 08 |
Neels van Schaik of Alphen Asset Management writs that his attention was recently
drawn by Sharenet to Ian de Lange of Seed Investments' article on a 2004 Money
magazine interview with Peter.. |
| 29 Aug 08 |
Old Mutual Investment Group South Africa (OMGISA) has announced that the SA
Competition Authorities (Competition Commission and Competition Tribunal) have
approved the group's acquisition of.. |
| 29 Aug 08 |
According to the latest Sanlam Investment Management (SIM) Investor
Confidence Index, a monthly measure of sentiment among investment
professionals and financial planners, local investor.. |
| 29 Aug 08 |
Mark Seymour of Aphen Asset Management writes that in the quest for superior
investment returns, history has shown us that an equity investment yields the
highest real returns... |
| 29 Aug 08 |
Dr Mark Mobius, fund manager of Franklin Templeton Investments’ Emerging
Market funds visited South Africa recently. In this report, he gives an overview of
emerging markets, before making.. |
| 25 Aug 08 |
Simon Pearse, CEO of Marriott: the Income Specialists, notes that high interest
rates are not as bad as they may seem. They provide excellent buying
opportunities and boost the earnings of.. |
| 25 Aug 08 |
Neels van Schaik of Aphen Asset Management writes that quality always comes
through when times get tougher, and although we can hardly call the current
environment for commodity producers tough,.. |
| 25 Aug 08 |
Max King, global strategist, Investec Asset Management, examines the long-term
outlook for global equities. Mervyn King, the Governor of the Bank of England,
recently warned of "the end of the.. |
| 25 Aug 08 |
Paul Hansen, Group Director, Retail Investing at Stanlib writes that calling the
future has seldom before been so cloudy due to the huge uncertainties about the
big offshore economies where.. |
| 19 Aug 08 |
There was heavy selling of collective investments equity funds combined with large
inflows into money market funds in the first quarter of this year, according to the
latest global statistics.. |
| 19 Aug 08 |
Jeremy Gardiner of Investec writes that the first half of 2008 saw world markets
having to cope with an inordinate amount of bad news. The Americans had it the
worst, as they were battered by.. |
| 19 Aug 08 |
Mark Cliff of Alphen Asset Management looks at global equity returns in 2008 and
concludes that, even though most markets are down, equities remain a vital cog in
long-term.. |
| 19 Aug 08 |
Johan de Lange, Director, Allan Gray Investor Services writes that if the current
market turbulence makes you a nervous investor, remember that a disciplined
approach to investment creates.. |
| 19 Aug 08 |
Prudential Portfolio Managers have announced several changes to their investment
team following the departure of Chief Investment Officer (CIO), Gerhard
Cruywagen who left the company to join.. |
| 19 Aug 08 |
Adrian Clayton of Alphen Asset Management highlights an aversion for the
momentum trades he is finding. 'The current rush for interest rate sensitive assets
is unsurprising and not inconsistent.. |
| 07 Aug 08 |
At a presentation in Cape Town this week, Duncan Artus of Allan Gray said that
company earnings are a high levels and raised concerns about the possibility of a
sharp correction.
For a.. |
| 06 Aug 08 |
Neels van Schaik of Alphen Asset Management gives readers some ideas of what
to look for when buying a well priced.. |
| 06 Aug 08 |
Coronation Asset Managers has announced that the FSB (Financial Services Board)
has approved a change to the fund's benchmark and thus the basis on which
performance fees will be charged in the.. |
| 03 Aug 08 |
A letter from Metropolitan Asset Manager's Managing Director, Robert Walton has
announced that with effect from August 1st 2008, the collective investment scheme
Bluebay Visio Actinio Portfolio.. |
| 03 Aug 08 |
A letter from Melanie Taylor, Business Development Manager at Sanlam Collective
Investments has informed Equinox clients of a range of fund name changes. The
objective of the name changes is to.. |
| 03 Aug 08 |
Paul Hutchinson, Head of Collective Investments at Cadiz Wealth explains the
rationale for the investment in top 16 shares by value in the Cadiz Mastermind
Fund. He says that it is worth noting.. |
| 03 Aug 08 |
Matthew de Wet, Head of Investments, Nedgroup Investments writes that
surprisingly, there are striking similarities between successful fund managers and
professional poker.. |
| 29 Jul 08 |
Stanlib economist Kevin Lings writes that a look at the economy reveals a definite
tale of two stories as the consumer faces a near 'perfect storm' of difficulties;
whilst investment spending by.. |
| 29 Jul 08 |
SYmmETRY, the multi-manager in the Old Mutual stable, recently awarded Cannon
Asset Managers a R150 million equity fund. The portfolio forms part of a fund on
its life licence which targets.. |
| 28 Jul 08 |
South African investors are still not making full use of offshore investment
opportunities in spite of the benefits of diversifying beyond a single market, says
Di Turpin chief executive of the.. |
| 24 Jul 08 |
RMB has announced that the RMB Emerging Companies Fund has changed its
name to the RMB Small/Mid-Cap Fund and that the RMB Flexible Maturity Fund has
changed to the RMB Diversified Yield.. |
| 24 Jul 08 |
This article is published with acknowledgement and thanks to the Sasfin Securities
July / August Investment Letter. David Shapiro is a consultant at Sasfin Securities
and Fund Manager at Sasfin.. |
| 24 Jul 08 |
Old Mutual Investment Group's head of economic research Rian le Roux says that
a recent brightening in South Africa's longer-term inflation outlook means
consumers can start to expect the peak.. |
| 24 Jul 08 |
A letter from Cadiz Asset Managers has informed Equinox of proposed changes to
the benchmark and method of calculating the performance fee component of the
annual management fee of the Cadiz.. |
| 23 Jul 08 |
Sir John Templeton, visionary and investment pioneer has died aged 95. This short
tribute is from Franklin Templeton, the global asset management company which
bears his.. |
| 22 Jul 08 |
Association of Collective Investments (ACI) stats show that South African
investors have been piling into cash in unprecedented numbers in the first half of
2008, while pulling their investments.. |
| 20 Jul 08 |
Allan Gray's equity portfolio management team sent out the following short note.. |
| 18 Jul 08 |
At an Association of Collective Investments (ACI) briefing yesterday, Di Turpin,
chief executive of the association revealed figures which show that industry flows
are up R10 billion from the.. |
| 17 Jul 08 |
Strong net inflows, prompted by the fund's consistently superior performance,
have pushed the assets under management of the Cadiz Money Market Fund
above the R1 billion mark, for the first.. |
| 17 Jul 08 |
Arno Lawrenz, chief investment officer of the newly launched specialist fixed
income boutique, Atlantic Asset Management, says that it would appear as if a shift
in domestic asset allocation is.. |
| 17 Jul 08 |
Adrian Clayton, CIO of Alphen Asset Managers takes a look at Investec within the
growth and value debate and asks about the true value of current.. |
| 17 Jul 08 |
Tienie van der Mescht, managing director of Sanlam Collective Investments writes
that preference shares generally offer higher after-tax returns than a comparable
interest-yielding.. |
| 17 Jul 08 |
Neels van Schaik of Alphen Asset Management writes that emerging markets have
been described as 'the resilient asset class' and 'the asset class of the future'.
Newspapers around the globe have.. |
| 07 Jul 08 |
RMB Asset Management has announced that Bianca Dippenaar has been appointed
to as CEO of RMB Unit.. |
| 07 Jul 08 |
It has been known for some time that the weights applied to both CPI and CPIX
would change with effect from next year. Last week, Stats SA released the new
weights (2008) for CPI and CPIX... |
| 06 Jul 08 |
Nic Andrew, head of Nedgroup Investments writes that for a long time South
African investors have been handsomely rewarded for investing in property and
many regarded this as a relatively.. |
| 06 Jul 08 |
Lance Vogel, Chief Investment Officer of Analytics Asset Management writes about
our present complex investing environment, characterised by high oil prices, high
food prices, high interest.. |
| 06 Jul 08 |
Sanlam Investment Management (SIM), the long-only asset manager in the
Sanlam Group has announced that it has appointed Gerhard Cruywagen as chief
investment officer... |
| 04 Jul 08 |
The De Fay Equity Fund is the leading general equity fund over 12 months, with a
rolling performance of 13.8%.* The fund was launched in July 2005, has R20
million under management and is.. |
| 03 Jul 08 |
Jeremy Gardiner, director of Investec Asset Management writes that the second
quarter of 2008 continued along a theme that is becoming all too familiar, and is a
trend that has now been in place.. |
| 27 Jun 08 |
Nic Andrew of Nedgroup Investments writes that certain industrial and financial
stocks appear to be trading at attractive historic valuations (for example certain
retailers and banks). On the.. |
| 27 Jun 08 |
A news flash from Stanlib says that in June 2008, the estimate of US consumer
confidence, as measured by the Conference Board, fell sharply to 50.4 from 58.1
in May. But all things considered,.. |
| 26 Jun 08 |
.. |
| 26 Jun 08 |
According to the June 2008 Sanlam Investment Management (SIM) Investor
Confidence Index, a monthly measure of sentiment among investment
professionals and financial planners, South African.. |
| 20 Jun 08 |
Subject to the approval of the competition authorities, Old Mutual Investment
Group (SA) (OMIGSA), a subsidiary of Old Mutual South Africa, Futuregrowth Asset
Management (Futuregrowth) and black.. |
| 20 Jun 08 |
Lance Vogel, Chief Investment Officer of Analytics comments on the implications
of the our recent downgrade from Fitch. The international rating agency has just
announced that the outlook for.. |
| 20 Jun 08 |
Jurie Wessels, Managing Director of Capital Investments, says that higher interest
rates will no doubt have a small short-term effect on returns in on commercial
property.. |
| 17 Jun 08 |
The ACI will be dissolving and its members joining an Association representing the
interests of a broader group of financial services players later on this year... |
| 17 Jun 08 |
Nic Andrew, Head of Nedgroup Investments, asked three of its "partner" fund
managers to share their views on the Resources sector, also one of the most
debated sectors on the.. |
| 17 Jun 08 |
In August 2008, the United States economy is likely to reach a key post-subprime
milestone when it switches from deflation to reflation of assets. This may have
worldwide implications for.. |
| 17 Jun 08 |
Lion of Africa Fund Managers has announced the appointment of Liston Meintjes as
its Chief Investment Officer (CIO), effective 1 June 2008. Liston brings a wealth of
experience to the company.. |
| 17 Jun 08 |
Adrian Clayton of Alphen Asset Management looks at Remgro and likes what he
sees. He writes that there is little doubt that periods of rampant inflation and
higher interest rates tend to.. |
| 17 Jun 08 |
Findings of the 2008 Old Mutual Retirement Fund Survey highlight the need for
government and industry players to provide ongoing clarity on the planned
retirement reforms aimed at addressing.. |
| 17 Jun 08 |
Earlier this year, Maitland's fund services division purchased the remaining 15%
interest held by Coronation Fund Managers in Maitland FS Holdings (Pty) Limited, a
Maitland company based in Cape.. |
| 06 Jun 08 |
Jeremy Gardiner, a director at Investec Asset Management writes that the sage
advice from previous generations "Never buy on credit what you can afford to pay
for with cash," is too often.. |
| 06 Jun 08 |
Rian le Roux, chief economist, Old Mutual Investment Group SA writes that
economic data and developments over the past month have not been promising.
Inflation has continued to surprise on the.. |
| 06 Jun 08 |
Mark Seymour of Alphen Asset Management writes that you know the markets are
getting tricky when investment professionals start quoting Warren Buffett more
frequently and with a greater sense of.. |
| 05 Jun 08 |
Neels van Schaik of Alphen Asset Management writes on why reaching the turning
point in the inflation cycle is.. |
| 28 May 08 |
In April 2008, headline CPI inflation rose by a very substantial 1.8%m/m, with the
annual rate rising to 11.1%y/y from 10.6%y/y in March. This was much higher
than market expectations for a rise.. |
| 28 May 08 |
April's consumer inflation figures showed that the second-round effects of higher
oil prices had become more broad-based and deeply entrenched than the previous
figures, says Sanlam Investment.. |
| 28 May 08 |
Adrian Clayton, Chief Investment Officer of Alphen Asset Management writes on
the changing face of credit and furniture retailing in South Africa. He writes that he
really enjoys attending.. |
| 28 May 08 |
If you are a Muslim investor, you would be interested in the tests applied to
Shariah investing. Futuregrowth Asset Management's head of equities, Saliegh
Salaam compiled the following list of.. |
| 21 May 08 |
Adrian Saville is CIO of Cannon Asset Managers and holds a Visiting Professorship
in Economics and Finance at the Gordon Institute of Business Science. Here he
writes that an overwhelmingly.. |
| 19 May 08 |
.. |
| 19 May 08 |
Veteran investment expert Mark Mobius is the portfolio manager of the Franklin
Templeton Emerging Markets sector. Known around the world for his refreshing
views (and his trademark white suit).. |
| 19 May 08 |
Mark Beckenstater, Head of Equities at Prudential Asset Managers and Clare
Johnson, Quantitative Analyst at Prudential Asset Managers give their views on the
difference between passive and.. |
| 19 May 08 |
Graham Mason, Prudential SA's CEO, talks about investing in South.. |
| 12 May 08 |
Umbono Fund Managers, the black empowered asset management group focused
on cost-effective index tracking, has reached a significant milestone, breaching the
R50bn mark in April. As of 30.. |
| 12 May 08 |
Despite stellar long term performance that saw the Investec Value Fund deliver
36.0% return per annum since January 2001 versus the FTSE/All Share Index of
20.5%, * the start of 2008 has been.. |
| 12 May 08 |
Coronation Asset Managers has announced the appointment of head of research,
Karl Leinberger, as chief investment officer. He takes the place of Louis Stassen,
who has decided to step down for.. |
| 30 Apr 08 |
According to a press release from the Association of Collective Investments, the
global collective investments industry again showed strong growth last year with
net new investments up 18,5.. |
| 30 Apr 08 |
Old Mutual, one of the country's leading providers of retirement fund solutions has
expressed its concern over the confusion felt by many South Africans regarding
the government's proposed.. |
| 30 Apr 08 |
Larry Jones, Chief Investment Officer, Nedgroup Investment Advisors (UK) Limited
writes that global markets have been exceptionally volatile since June 2007.
Though the proximate cause of global.. |
| 21 Apr 08 |
Elan Levy, Investment Strategist, Sasfin Securities writes about the demise of
Bear Sterns and the lessons we should learn from the sub-prime scandal.
Published with thanks to Sasfin.. |
| 17 Apr 08 |
South African institutional investors have expressed a strong improvement in
confidence in the latest Sanlam Investment Management (SIM) investor confidence
index – a monthly survey of investor.. |
| 17 Apr 08 |
Don't be swayed by doom-and-gloom scenarios, writes Mohini Naidoo, Investment
Analyst at Nedgroup Investments. In her view, without a very disciplined approach
and philosophy when setting.. |
| 17 Apr 08 |
Sanlam and the Financial Services Board (FSB) have teamed up to launch a
consumber education initiative aimed at helping employers and members
understand umbrella funds. These products use unit.. |
| 17 Apr 08 |
Mohini Naidoo, Investment Analyst, Nedgroup Investments writes that
diversification is unquestionably one of the most important investment principles
for reducing risk. For South African.. |
| 17 Apr 08 |
Jeremy Gardiner, director, Investec Asset Management writes that as expected,
the first quarter of 2008 produced more of the same. More subprime write downs,
more US housing market turmoil,.. |
| 04 Apr 08 |
Frater Asset Mangement has announced that Johny Lambridis will be joining the
Cape-based fund manager as an investment analyst in.. |
| 04 Apr 08 |
Neels van Schaik of Alphen Asset Management has a look at the retailers,
particulary the hard-hit credit.. |
| 04 Apr 08 |
This article first appeared in the Association of Collective Investments publication
Synergy, and is reproduced with thanks and acknowledgement to the ACI. It is an
update on proposed amendments.. |
| 03 Apr 08 |
Roelof Horne, portfolio manager on Investec Asset Management's frontier markets
team, examines the potential impact of election results in Zimbabwe on
investments in the country.. |
| 03 Apr 08 |
Adrian Clayton of Alphen Asset Management writes about his observations of a
holiday trip to Indonesia. He says that he and his wife experiencend, first hand,
many of the themes that Alphen.. |
| 28 Mar 08 |
A letter from Patrick Mamathuba, Chief Investment Officer of Stanlib has informed
clients of the resignation of David Gibb, the Head of Research at Stanlib. Gibb is
also the fund manager of the.. |
| 26 Mar 08 |
Robert Macdonald, head of Xchange Solutions writes that a professional financial
adviser would probably define the outcome of a successful financial planning
exercise as a process that provides.. |
| 26 Mar 08 |
South Africans seeking to increase offshore exposure need to be aware of
potential tax obligations arising from investments in foreign roll-up funds. So says
Wouter Scholtz, a director of.. |
| 26 Mar 08 |
Kokkie Kooyman, head of SIM (Sanlam Investment Managers) Global, writes that
the financial world has been unraveling at such a speed that a daily review has
been difficult to write over the last.. |
| 19 Mar 08 |
The Financial Services Board (FSB) has announced that the minister of finance,
Trevor Manuel, has approved the appointment of Jonathan Dixon, the chief
director of financial sector policy at the.. |
| 18 Mar 08 |
Max King, Strategist at Investec Asset Management, gives his personal view on
global market.. |
| 18 Mar 08 |
The latest Sanlam Investment Management (SIM) Investor Confidence Index – a
monthly survey of investor sentiment – has detected large downwards movements
in confidence among South Africa’s.. |
| 17 Mar 08 |
Speaking at an Old Mutual Actuaries and Consultants function in Johannesburg this
week, Rob Rusconi, independent researcher and consultant, presented his recently
released retirement fund.. |
| 16 Mar 08 |
This week a couple of asset management companies took time off from watching
global and domestic markets on their office screens and took to the streets to
reassure financial advisors and.. |
| 13 Mar 08 |
Elan Levy: Investment Strategist, Sasfin Securities writes about the impact of load
shedding in South Africa and other emerging.. |
| 13 Mar 08 |
David Shapiro, Fund Manager, Sasfin Asset Managers, ponders on the cost of
Eskom's failure to provide sufficient power for our growing economy. This article
was first written for his weekly.. |
| 13 Mar 08 |
At the recent road show hosted by Nedgroup Investments, three of the
companies 'Best of breed' managers suggested that long-term investments in
equities were the best bet to beat rising.. |
| 13 Mar 08 |
Mark Mobius, fund manager at Franklin Templeton Investments and emerging
market specialist was questioned recently on his views on economic prospects for
emerging economies, particularly Asia... |
| 06 Mar 08 |
Jeremy Gardiner writes that it’s still summer in Cape Town, but now that we are
into March, there is definitely a slight seasonal change underway, which will finally
manifest itself in cold and.. |
| 05 Mar 08 |
Neil Brown and Richard Hasson are joint fund managers of the Old Mutual Top
Companies Fund, as well as joint managers of an investment unit within Old Mutual
Investments Group South Africa.. |
| 05 Mar 08 |
A press release from the ACI has announced the appointment of Anthony
Katakuzinos as the new chairman of the association. His appointment follows the
resignation of Pieter Koekemoer of.. |
| 04 Mar 08 |
According to Old Mutual, with market levels having come off recently, many shares
are back in value territory. .. |
| 04 Mar 08 |
Roelof Horne, portfolio manager on Investec Asset Management’s frontier markets
team examines the investment and political outlook for Kenya following last week’s
peace agreement.. |
| 04 Mar 08 |
Mark Seymour of Alphen Asset Management writes that over the last five years all
asset classes have been particularly buoyant. The All Share Index has
delivered a total return in excess of 35%.. |
| 28 Feb 08 |
Just over eighteen months ago, two of South Africa's largest asset management
companies, Old Mutual Asset Management (now called Old Mutual Investments
Group South Africa) and Stanlib, started.. |
| 21 Feb 08 |
Cannon Asset Managers have announced the appointment of Geoff Blount as CEO
of the.. |
| 21 Feb 08 |
Trevor Manuel's budget has finally given South African investors, via the
investment industry, a realistic chance of offshore diversification. From a prudency
perspective, investors the world.. |
| 21 Feb 08 |
Kevin Lings, economist at Stanlib writes that the 2008/9 budget is
characterised by continued fiscal discipline, modest tax changes, enhanced social
grants and focus on infrastructure spending... |
| 20 Feb 08 |
A letter addressed to Allan Gray investors has announced that Stephen Mildenhall,
current Chief Investment Offiicer of Allan Gray will be relocating to the UK and
leaving the Allan Gray / Orbis.. |
| 13 Feb 08 |
Dr Lance Vogel, CIO of Analytics Asset Management comments on the potential
impact of President Thabo Mbeki’s State of the Nation address, delivered in
Parliament last.. |
| 13 Feb 08 |
Sanlam announced this week that it has acquired a majority interest in Principal
Investment Holdings, a UK-based private client investment business. The
transaction complements the existing.. |
| 10 Feb 08 |
An Association of Collective Investments release says that while collective
investments' global equity net flows fell from $103 billion to $31 billion in the third
quarter of last year money.. |
| 10 Feb 08 |
A press releasee from RMBAM has announced that the Chief Investment Officer of
RMBAM Deon Gous, who joined RMB last year has been appointed CEO. He
replaces Louis van der Merwe who joined Rand.. |
| 10 Feb 08 |
Discussing the present volatile trading conditions at a presentation this week, fund
manager of the Investec Managed Fund Gail Daniel said that Investec research
had analysed all the periods.. |
| 10 Feb 08 |
The end of February, the 29th February this year, is always an important date for
retirement annuity investors; it is the end of the tax year and the cut-off date for
possible reductions in tax.. |
| 05 Feb 08 |
Risky assets are under pressure across the board. When risk-seeking behaviour is
replaced by risk aversion, all assets with a speculative component to expected
total return are prone to poor.. |
| 05 Feb 08 |
Nic Andrew writes that six months ago, everything was rosy - robust global growth
fuelled by seemingly limitless demand from China and India, strong corporate
balance sheets, record prices.. |
| 25 Jan 08 |
Philipp Wörz of Alphen Asset Management writes on “Intelligent Investing” in
turbulent.. |
| 25 Jan 08 |
In theory, companies that have been awarded contracts to spend the R14 billion
set aside to build up the country's infrastructure should be fairly defensive
investments, and a good bet in.. |
| 23 Jan 08 |
Local markets have been extremely volatile over the last few months, and are
currently down 25% from their October 11 peak. Internationally huge financial
write-offs due to subprime losses have.. |
| 23 Jan 08 |
Chris Freund, portfolio at Investec Asset Management asks if it is too late to panic,
or whether investors should get out now before you lose more.. |
| 23 Jan 08 |
According to Peter Brooke, Head of the Macro Strategy Investments boutique at
OMIGSA, 2008 is likely to be a tale of two halves for local and global financial
markets and investors with.. |
| 23 Jan 08 |
At the ACI media briefing last week it was announced that money market funds
had suffered outflows of approximately R1.6 billion for the quarter ending 31st
December 2007. This is.. |
| 23 Jan 08 |
The Association of Collective Investments (ACI) reports that more than R1,3 billion
was invested in foreign currency denominated offshore collective investments in
the December quarter.. |
| 19 Jan 08 |
At a presentation of quarterly results from the Association of Collective
Investments this week, Chairman of the ACI Pieter Koekemoer warned that 2008
would not be an easy.. |
| 18 Jan 08 |
A new category of unit trust, finalized by the Association of Collective Investments
in November 2007, comes into effect this year... |
| 10 Jan 08 |
Jeremy Gardiner writes that before we delve into what surprises may lurk during
the ‘Year of the Rat’ it is important to reflect on what was delivered by ‘the Year of
the.. |
| 09 Jan 08 |
Value Equity Investments, a boutique in Old Mutual Investment Group SA
(OMIGSA), has appointed Feroz Basa and Varusha Daljee as Assistant Portfolio
Manager and Trainee Portfolio Manager,.. |
| 08 Jan 08 |
Brett Bishop is the fund manager of the top general equity fund measured over the
2007 calandar year, with a performance of 34.46%. The fund was launched in
March 2005 and has asset under.. |
| 04 Jan 08 |
After 12 months of managing the SIM Top Choice Equity Fund, fund manager
Patrice Rassou has boosted the fund's performance to rank third of all general
equity unit trusts over a year. The fund.. |
| 02 Jan 08 |
Jeremy Gardiner writes that 2007 has proven to be another successful year for SA
equities. Up roughly 16%, the market has after a period of exuberance delivered
roughly what most market.. |
| 02 Jan 08 |
Unexpected market volatility caused by a number of factors, including the
assassination of Pakistan leader of the opposition, Benazir Bhutto has changed the
end of year fund rankings as reported.. |
