News

November saw a strong global and local market rally, with major indices recording returns over 8%, as interest rate concerns subsided. The decline in US inflation and South African inflation remaining within control bolstered the risk-on sentiment. The positive momentum extended to bonds, both locally and offshore, supported by a pragmatic Medium-Term Budget Policy Statement, yielding returns above 4.7% in their respective currencies for indices like the All Bond and FTSE G7 Bond.

Centaur Asset Management will launch its third unit trust, the Centaur BCI SA Equity fund, on 1 December, said Centaur CIO, Roger Williams, during a Boutique Collective Investments webinar.

Model portfolios often make use of multiple funds from the same risk category in the same portfolio based on the idea of diversifying manager risk. In this article we compare the benefit of manager diversification versus diversification across asset classes to determine whether any risk is truly addressed.