The energy transition has potential for far greater impact than switching from fossil fuels to renewable energy to cut down on carbon dioxide emissions. It presents a compelling opportunity for investors to achieve investment returns and show sustainable impact.
Climate change policies may lead to one of the largest redeployments of investment and capital.
An energy revolution is underway: governments have committed to net zero targets and more recent concerns about energy security and high prices are increasing pressure on governments to speed up the energy transition.
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.
The foundations of portfolio risk never change, but risk management practices have evolved over time to incorporate the latest technology and techniques.
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.
Listed property has weathered a perfect storm over the last four years.
South African townships buzz with an informal economy, unseen in official data but booming, nonetheless. “Spaza shops,” street vendors, barbers, and more cater to residents’ daily needs. Despite Covid-19, retail tenants in townships even outperformed those in wealthier areas, showcasing the informal “kasi” economy’s strength and potential.
STANLIB Deputy head of Fixed Income explains the factors contributing to the bond market’s response and why we can expect more good news from this asset class.
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.
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.
