News

Global markets rose amidst uncertainty, an SA rates cut and a steady Fed.

It is common to find multiple equity funds held together to diversify manager strategies. This article explores whether such diversification is beneficial.

US equities rally; local bonds excel amid low inflation and strong dollar.

High valuation multiples often appear "expensive," but growth expectations can quickly shift this perception. This article explores how robust earnings growth can justify elevated P/E ratios, emphasizing the need for deeper analysis beyond surface-level metrics.

October saw a slight pullback across global markets as equities fell, particularly in emerging markets, while bond yields adjusted from September's rally. Despite core inflation ticking up, US inflation trends remained stable, with oil prices unaffected by Middle Eastern tensions. Locally, South African inflation remains low, the rand held relative strength, and SA bonds still offer attractive yields, with this pullback presenting favourable entry points, especially for longer-term bonds.

Offshore income is often overlooked as a building block in multi asset portfolios despite the wide variety in instruments. This article illustrates how US treasuries in particular are useful in multi asset portfolios, especially when combined with local equity.

September saw strong equity market performance, following lower inflation and the start of rate cuts

In this article, we highlight that historical data shows little difference between returns from all-time highs versus average conditions, challenging the notion that market highs could signal imminent downturns.