National Treasury proposed that the new Two-Pot retirement system be implemented on 1 March 2024. It will only apply to retirement savings contributed from 1 March 2024 onwards. Why the need for a new retirement system? According to Treasury, consumers were left in dire financial situations during the COVID-19 pandemic. Under the current rules investors […]
Investors often find it challenging to understand why & when Portfolio Managers over- or underweight a specific asset class relative to the benchmark of the fund that they are invested in. Portfolio Management is a form of Risk Management. Managing the level of exposure to risk assets relative to the economic & interest rate cycle […]
Investors often use the words “investing” & “saving” interchangeably. The reason for this is because they believe that the future value of the capital that they invest/save should increase over time. Although this is true in nominal terms, we believe that there are important differences between the two terms and that individuals should include both […]
The first half of the year delivered divergent multi-asset returns to investors. Having offshore exposure paid off in general with rand weakness dominating much of the returns. Continued interest rate increases both locally and abroad is greatly reducing the equity risk premium that investors can earn by taking risk in equity exposure. Below are a […]
For latest market and fund updates, as well as our views on the recent regional banking crisis in the USA Read more about it here in our Monthly Newsletter : Monthly Market & Fund Update Summary – May ’23
For latest market and fund updates, as well as our views on the recent regional banking crisis in the USA Read more about it here in our Monthly Newsletter : Monthly Market & Fund Update Summary – April ’23
“Change is the law of life. And those who look only to the past or present are certain to miss the future.” – John F Kennedy We are excited to confirm that the amalgamation (merging) of the Salvo Prime Alternative Retail Fund of Hedge Funds, Corion Prime Income Retail Hedge Fund & Corion Prime Absolute […]
Review of South African ASISA Investment Mandates : The relationship between risk & return when investing is well understood & supported by empirical evidence. Over the short term or at specific data points, this relationship seems to decouple or be inaccurate, however, over the long term, investors that can afford to take more risk (i.e., […]
Local Economic Update Equity Markets ended the year with a negative month. The year to date returns were up 4%. South African GDP for the 3rd quarter 2022 was well above expectations at 1,6%. Year over year the economy grew by 4,1%. Read more about it here in our Monthly Newsletter : Monthly Market & […]
The War in Ukraine, rising inflation, rising interest rates & slowing global economic growth. All of these factors have weighed on investor sentiment and subsequent financial market performance in 2022 and led to what could be one of the worst years on record for traditional balanced portfolios if the trend continues until year-end. What needs […]
