Archives


  • Thumbnail Global perspectives
    South Africa: The aloe ferox is still alive, but needs urgent attention

    22 June 2020
    Nico Els

    The South African (SA) economy has faced many significant challenges in the past. Now 2020 offers a raft of headwinds in need of urgent attention. Back in 1992, when the economy contracted for three consecutive years, South Africa showed its mettle. Can we do this again?

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    Monthly investment update: The South African economy has faced many significant challenges in the past.

    14 April 2020
    Nico Els

    The South African economy has faced many significant challenges in the past. Now 2020 offers a raft of headwinds in need of urgent attention. Back in 1992, when the economy contracted for three consecutive years, South Africa (SA) showed its mettle. Can we do this again?

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    Monthly investment update

    02 March 2020
    Nico Els

    After making steady gains in the first two weeks of the month, global equity markets sold off towards the end of the month as investors measured the impact of numerous instances of the coronavirus in South Korea, Italy and Iran.

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    Monetary easing from most central banks also offered some support to the markets.

    07 November 2019
    Nico Els

    The month of October was good for most asset classes as expectations rose that the United States (US) and China were closer to signing a trade deal. Monetary easing from most central banks also offered some support to the markets.

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    Market update

    23 October 2019
    Nico Els

    September can be summed up as a consolidation month after the dismal performance of the previous month. Most equity markets were up slightly, as expectations rose that the United States (US) and China were closer to signing a trade deal.

  • Thumbnail Latest news
    A flight to safety

    04 September 2019
    Nico Els

    August was a dismal month for risky assets, with most equity indices’ falling between 3% and 5%. The sole reason behind the negative performance can be placed on the escalation of trade wars, mainly between the United States (US) and China.

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    Central banks either cutting interest rates or being expected to cut rates

    16 August 2019
    Nico Els

    Global equity markets held on to their strong gains from the previous month, with most global equity markets up by between 1% and 3%. The main theme for the month was central banks either cutting interest rates or being expected to cut rates.

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    Market overview

    02 July 2019
    Nico Els

    Global equity markets rebounded strongly in June, recovering most of the losses endured in May. Although most economic data released in the month continued to point to slightly slower growth, dovish rhetoric from major central banks boosted risky assets. Markets are currently pricing in a fair number of interest rate cuts by the US Fed over the next 12 months.

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    Market overview

    31 May 2019
    Nico Els

    Global equity markets performed poorly in May as trade threats intensified during the period. The United States (US) raised tariffs on $200 billion worth of Chinese goods from 10% to 25% and announced plans to impose further tariffs on the remaining $325 billion of goods not yet subject to additional tariffs.

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    Video: The market concerns facing South African investors in 2019

    13 March 2019
    Nico Els

    These are the main concerns facing local investors and our take on them...

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    The ‘big 6’ market concerns facing South African investors

    01 March 2019
    Nico Els

    There are many concerns swirling around South African investors at the moment, making it a particularly tricky time to establish a level of strategy conviction.

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    Interest rates and the battle of stagflation

    18 June 2013
    Nico Els

    No central banker, especially one who has inflation targeting as their main objective, likes to hear the word stagflation. This is unfortunately the harsh reality currently facing the South African economy.

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    The next phase for bond markets

    11 January 2013
    Nico Els

    As the global recovery continues, albeit stutteringly, Nico Els, Fund Manager at Ashburton Investment (South Africa), looks at prospects for the bond markets: evaluating how five years of unfolding global economic and financial conditions have led to an environment now known as “the new normal”, as well as the consequences of Quantitative Easing “tapering”.