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Kirk Swart answers some burning questions on prescribed investments for pension funds.
The best time to invest is when markets are down, says Werner Erasmus.
The South African Reserve Bank’s timid rate cutting cycle has ended abruptly last week with a 25 basis-point rate hike, but was it really necessary? ask analysts from Overberg Asset Management.
The mood at the investment conference has been positive, reminiscent of the halcyon days under Thabo Mbeki’s presidency when the economy grew over 5% per annum, according to Overberg Asset Management.
As the most liquid emerging market, our currency, equities and bonds ebb and flow in tune with global markets, this begs the question, what is driving global markets?
Any attempt to shore-up the rand by hiking interest rates would probably backfire, leading instead to a weakening in the currency, says Overberg Asset Management.
Werner Erasmus of Overberg Asset Management takes investors through the most important economic information investors need to focus on, and what data can be safely ignored.
Blame for the rand’s sharp decline over the past month lies squarely with the Turkish lira, and risk aversion caused by the currency crisis weighed on all emerging market currencies.
Ramaphoria, which followed the first few weeks of Cyril Ramaphosa’s presidency, has made way for a growing sense of impatience - and concern that he lacks the authority to push through his reform agenda.
After showing little to no growth for 10 years, compelling value in the building and construction sector is attracting the attentions of seasoned global peers and institutional investors.
Local equity markets are now offering considerable value with the All Share Index price-earnings multiple currently at 16.7x compared with 21.0x this time last year, says Overberg Asset Management.
The jobless rate is the biggest risk to South Africa’s stability, says Overberg Asset Management, it has one of the highest unemployment rates in the world, at 27.7%.
Emerging markets have underperformed significantly since the start of the year, despite an economic backdrop that is supportive of emerging market equities. According to to Overberg Asset Management, this seems unreasonable.
Finance Minister Tito Mboweni, set to deliver his first Medium Term Budget Policy Statement, is unlikely to deviate from the budget projections made in February, says Overberg Asset Management.
Asset managers have differing views on the subject, but they all agree on one thing: investments should never be restricted to a single currency.
Analysts at Overberg Asset Management say the recession will likely not persist into the third quarter of the year.
Gold is perceived as a safe-haven asset but over the past four months the bullion price dropped steadily, losing around 12%.
Asset managers often disagree, but they agree on one thing: Investors must invest over the long-term.
The JSE has suffered a torrid four years, with more than half the investable shares on the market dropping by 18% or more and of these almost a fifth fell by over 50%.
Asset Managers go through a vigorous process before investing in a share or asset. Kirk Swart of Overberg Asset Management looks at the different strategies used.
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