A fundamental research-driven approach to active global equities management.
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Investment in the energy transformation represents a multifaceted opportunity
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.
Continue readingSA Real Estate Investment Trusts can unlock further upside by emulating their global peers
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.
Continue reading2024: more to come from bonds
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.
Continue readingSouth African National Budget 2024/2025
Against a backdrop of formidable economic challenges, SA’s Minister of Finance, Enoch Godongwana, unveiled his third National Budget for 2024. Considering a landscape marked by high unemployment, weak confidence levels, and pressing infrastructure issues, the Minister navigated a complex fiscal terrain to address the country’s economic woes. With a cautious optimism for growth and a strategic focus on fiscal consolidation, the Budget sets the stage for critical discussions on sustainable economic recovery and long-term structural reforms in the nation.
Continue readingSTANLIB enters into a partnership to bring much-needed energy to SA’s business sector
STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has joined hands with two long-standing and well-established partners to create an innovative new renewable energy platform, Lyra Energy. The partnership will further enhance its clients’ ability to have an impact through their investments.
Continue reading2023: A rollercoaster for investors
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.
Continue readingNew year, new interest rate cycle: can the rally in global property persist?
Listed property has weathered a perfect storm over the last four years.
Continue readingTownship Retail – the New Growth Engine for South African Property
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.
Continue readingSTANLIB launches fund to help finance the energy transition in Africa
STANLIB is launches the STANLIB Khanyisa Energy Transition Fund. The objective of the fund is to mobilise much needed capital from long-term investors to help finance South Africa’s energy transition needs, extending into the rest of the continent in future.
Continue readingSTANLIB launches new fund to offer higher yield to corporate treasuries
STANLIB has launched a new fund, the STANLIB Corporate Enhanced Yield Fund, in response to demand from SA’s corporate treasuries for a higher yield on a portion of the substantial cash they hold for longer dated requirements.
Continue readingA view to distant horizons with J.P. Morgan Asset Management
2024 Long-term Capital Market Assumptions: Building smarter portfolios for a world in transition.
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