In investments, it is very seldom that the portfolio manager and the investor experience the same return figures. We’re going to explore two ways to measure performance and unpack where the portfolio manager’s responsibility starts and ends. Spoiler: investor composure is only part of the story.
Read MoreWe have seen another subtle adjustment within our local portfolios which accommodates for risk management vs. buying opportunities. These adjustments are not overhauls of strategy but rather minor tactical corrections as we chart the course and ultimately manage the risk for each individual mandate we run.
Read MoreMarkets have experienced a sharp pullback this year resulting in asset allocations across portfolios drifting away from their intended values. We believe that it would be appropriate to rebalance portfolios back to their strategic weights.
Read MoreWe are all aware of how difficult current conditions are. Inflation has kicked globally, Russia/Ukraine continues, energy supply is undermined, and costs continue to rise. Naturally, markets have reacted in a risk-off fashion, which has impacted returns. Seems we are paying in 2022 for some big calls made in 2020 when the world was trying to come to terms with Covid. So what do we do about this?
Read MoreOur view is to protect each of our clients’ livelihoods here in SA, without losing options due to unique SA risks. For South Africans, this is notably exposure to SA markets, alongside the Rand. This is not to say there is no opportunity in SA, but rather to say there is also risk in SA, as well as opportunities elsewhere.
Read MoreFollowing several rebalances to portfolios last year, we will be rebalancing the multi-asset model portfolios on platform back to target weights to address drift that has come about from strong performance in risky assets (equity and property).
Read More
