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.
Multi-Strategy team insights
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%.
Excessive pandemic-related monetary and fiscal stimulus boosted the profit margins of developed market equities to record levels.
Investors looking for smoother yet optimal return outcomes, even during times of market stress, could benefit from tactical volatility targeting strategies.
2022 has seen significant index declines from a January peak. The market is potentially pricing in a recession given an increasingly hawkish Fed