South African REITs have performed poorly for investors over the last five years. Even after its recent rally, the SA REIT price index remains over 30% below its 2019 high. Including dividends, the sector’s total return over the five years ending March 2024 was essentially zero.
Despite a surge in bond prices towards the end of 2023, we retain a positive outlook on US government bonds at their current yields, and believe that South African government bonds (SAGBs) have more to give over the coming year.
Listed property has weathered a perfect storm over the last four years.
2024 Long-term Capital Market Assumptions: Building smarter portfolios for a world in transition.
J.P. Morgan Asset Management is STANLIB Asset Management’s strategic offshore partner, offering South African investors an opportunity to gain access to significant global reach and depth of expertise.
‘This is an incredibly fruitful environment for stock pickers, and this volatility can throw up some tremendous opportunities’: Amit Parmar – JP Morgan Asset Management International Equity Group.
Property is often viewed as a homogenous asset class, but every asset presents a unique balance of risk and reward; the decision to allocate between domestic and offshore markets is complex and demands thorough deliberation.
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.
The power of diversification cannot be underestimated in uncertain times and during periods of significant market dislocation
History proves that an environment of gradually rising prices (inflation), along with measured interest rate increases, supports global property returns.
In this article, William Davies, CIO at Columbia Threadneedle outlines key learnings and opportunities as a result of the COVID Pandemic and how that will shape thinking into 2021.
In this webinar, Columbia Threadneedle’s Head of Global Equities, Neil Robson and Portfolio Manager, Pauline Grange, share insightful views how they are thinking differently in a shifting investment environment.
