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.
