JUNE 2021 I OFFSHORE MARKET & PORTFOLIO COMMENTARY

JUNE 2021 I OFFSHORE MARKET & PORTFOLIO COMMENTARY

The S&P 500 gained 14.4% for the 6 months to 30 June 2021. This is the second biggest 6-month gain in performance in the past 21 years. The MSCI AC World Equity Index gained 12.3% over this period. Global bonds experienced a negative return (-2%) for the year to...
JUNE 2021 I SA MARKET & PORTFOLIO COMMENTARY

JUNE 2021 I SA MARKET & PORTFOLIO COMMENTARY

It is pleasing to report that the JSE ALSI Index returned 13.2% for the 6 months to 30 June 2021, outperforming the S&P 500 return of 11.79% and providing the best start to a year since 2007. The Rand strengthened by 2.36% to the US Dollar over the period.  The...
JUNE 2021 I SA MARKET & PORTFOLIO COMMENTARY

MAY 2021 | SA MARKET & PORTFOLIO COMMENTARY

What an incredible year it has been since the advent of Covid-19 in capital markets. The global fiscal reaction to Covid-19 and lockdown of economies – which could be described as a reaction to a global ‘Covid’ war – has been astronomical and dwarfs the...
JUNE 2021 I OFFSHORE MARKET & PORTFOLIO COMMENTARY

MAY 2021 | OFFSHORE MARKET & PORTFOLIO COMMENTARY

What an incredible year it has been since the advent of Covid-19 in capital markets. The global fiscal reaction to Covid-19 and lockdown of economies – which could be described as a reaction to a global ‘Covid’ war – has been astronomical and dwarfs the...
VIDEO: Q1 2021 ASSET ALLOCATION VIEWS

VIDEO: Q1 2021 ASSET ALLOCATION VIEWS

Head of Portfolio Management, Roeloff Horne, discusses our asset allocation views against the Q4 2020 macroeconomic environment.       Download: Q1 2021 Asset Allocation Views The value of investments and the income from them may vary and you may...
MARCH 2021 | OFFSHORE MARKET & PORTFOLIO COMMENTARY

MARCH 2021 | OFFSHORE MARKET & PORTFOLIO COMMENTARY

The major driver of short-term volatility in markets is the expectation of higher US inflation. The market is expecting a short-term inflation upside surprise, not only due to base effects, but also due to the contributions of higher PGM metal, oil and food prices....