2023: A rollercoaster for investors. From Fed rate hikes to real estate woes, the year unfolded unpredictably. A shift in the Fed’s stance brought relief, sparking market rallies. Enter 2024 with optimism and a dovish turn in global policy rates.
A diversified multi-asset portfolio is an effective way to manage investment and market risks. Funds use a portfolio benchmark to establish expectations and provide a ‘neutral’ position for taking investment risk.
Despite the significant rand weakness over the past two years, we still do not foresee near-term conditions as being rand supportive.
STANLIB Multi-Strategy is moving away from the defensive position it adopted in 2022. Our focus is on building portfolios that are able to deliver risk-adjusted returns, but with appropriate downside protection.
South African investors have experienced a reduction in returns from traditional balanced funds over the last few years, with the 5-year rolling return declining over time.
Following a global wave of inflation and the steepest rate hiking cycle in memory, global bond yields are at levels not seen since before the Global Financial Crisis of 2007.
Misallocated capital is likely to be destroyed as business models based on a historically low cost of capital are repriced.
An article published on Citywire noted that in recent times the ‘Absolute Return’ funds available to South African institutional investors have largely failed to achieve their CPI-related performance targets.
In this webinar, Kevin Lings and Warren Buhai, share their views on what investors can expect in 2023 and beyond. They provide fresh ideas and unpack key macro themes and what these mean for markets and investors.
In STANLIB’s Multi-Strategy team we recognise that the future is best understood as a range of outcomes and is constantly evolving.
In this article we unpack two commonly-held assumptions: that one must be in the market on its best days to have a chance of long-term outperformance, and that market timing is impossible.
On 23rd February 2022 the South African Minister of Finance changed the rules for local retirement funds by raising their maximum offshore allocation from 30% to 45%.
