Misallocated capital is likely to be destroyed as business models based on a historically low cost of capital are repriced.
Continue readingUnicorns revisited: reaching new levels of irrational exuberance
What does SA’s grey listing by the FATF mean for investors?
The Financial Action Task Force announcement that SA will be subject to increased monitoring is likely to have serious repercussions for the country’s links to global financial systems.
Continue readingInPerspective 2023 Roadshow
The recent STANLIB 2023 InPerspective roadshow aimed to give you actionable insights to bring focus in a blurry world. The key question we asked is: ‘where to invest for the best outcomes?’.
Continue readingNew Year, Many Futures
In STANLIB’s Multi-Strategy team we recognise that the future is best understood as a range of outcomes and is constantly evolving.
Continue readingJ.P. Morgan Asset Management’s 2023 Long-Term Capital Market Assumptions
J.P. Morgan Asset Management’s 27th annual edition of their Long-Term Capital Market Assumptions report explores how lower valuations and higher yields mean that markets today offer the best potential long-term returns since 2010.
Continue readingSouth African government bonds: cheap now on improving fundamentals
A 2022 bond market investor surveying the wreckage of their portfolio has a lot in common with Dorothy, the heroine of The Wizard of Oz. Like her, they have suffered a perfect storm and awoken to find themselves in a strange new country.
Continue readingDevelopments shaping the South African economy going forward
The South African economy is facing a range of cyclical as well as structural impediments to growth, and they are being amplified by a weakening global economic environment.
Continue readingThe role of private markets in the investment ecosystem
‘Public markets’ refer to assets listed and traded on a public exchange like the JSE. ‘Private markets’ describes the much larger universe of unlisted debt and equity assets and their investors.
Continue readingBehavioural Bias: Investors ignore at their peril
Even in an era of ubiquitous computing power STANLIB understands that building effective investment portfolios requires the creative and analytical genius of the human mind.
Continue readingFOMO Investing
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.
Continue readingA “Wee Dram” and the Big Question: Optimal offshore allocations under new Regulation 28 limits
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%.
Continue readingOffshore investing: Navigating a high inflation and low growth environment
In this webinar, Michael Bell, Global Market Strategist at J.P. Morgan Asset Management and Caroline Keen, Portfolio Manager within the J.P. Morgan Asset Management International Equity Group, discussed their views on the market environment and how they are navigating uncertainty while finding investment opportunities.
Continue reading