Navigation Search

Select your location and role to view strategy and fund content

  • Global homepage
  • Australia
  • Botswana
  • Denmark
  • Deutschland
  • España
  • Finland (Suomi)
  • France
  • Hong Kong (香港)
  • Ireland
  • Italia
  • Luxembourg
  • Namibia
  • Nederland
  • Norway
  • Österreich
  • Singapore
  • South Africa
  • Sweden (Sverige)
  • Switzerland
  • Taiwan (台灣)
  • United Kingdom
  • United States
  • International
Professional Investor
  • Professional Investor

Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future.

By entering you agree to our Terms & Conditions

Login to My Investec

Institutional Update Q4 2016

Hendrik du Toit CEO, Investec Asset Management

Investing for a better tomorrow

Hendrik du Toit CEO, Investec Asset Management

Investec Asset Management at 25
Investing for a better tomorrow

Towards the future

The world has changed profoundly over the past quarter century. Although the fundamentals of investment remain essentially the same, the investment process has become a lot faster. The data revolution has not only speeded up analysis but also transformed the nature of the active manager’s challenge. Managers no longer simply need to find more data and create better intelligence than their competitors, they must see through a surfeit of data to find superior insight.

Our clients have also changed. Today, asset owners are much better informed and more knowledgeable about asset management processes. Their priorities are also changing with the ageing demographics of their stakeholders who are also demanding more attention to the environmental and social impact of how their savings are invested, and require greater oversight of their investments.

As the actors have changed so has the setting. Investment managers are facing several new challenges that will shape the way we allocate capital in the future: global disruptions, changes in the markets and the need for sustainable development.

The way forward

  1. Attention to environmental, social and governance (ESG) issues
    Investing in a sustainable future will be one of the major trends of the coming years. As a firm, we believe that playing a role in financing sustainable development is a central part of our mission of “doing the right thing.” The imperative to invest sustainably was also underlined on a global level in 2015. The Paris Agreement on Climate Change and the United Nations’ Sustainable Development Goals, which were agreed to by the majority of the countries on the planet even (if they are not yet fully ratified), are clarion calls for the world to work together to take action.
  2. Active ownership
    As we sharpen our focus on ESG and face greater scrutiny from our clients, we believe that when we invest in the equity of companies we should be active shareholders. The Quality team, for example, typically conducts several hundred meetings each year with management teams to ensure they are comfortable with their decision-making processes.
  3. Dealing with low rates and disinflation
    We believe that really knowing the intricacies of the securities you own is vital in this time of great change, as we move from a relatively inflationary regime to a disinflationary, and in some cases deflationary, regime. This new investment environment has changed the rules of the game in terms of the behaviour of different asset classes.
  4. Adapting to changes in emerging markets
    One of the big changes in financial markets has been the emergence of emerging markets into the mainstream. This shift has material consequences for the investment strategies we employ. As countries develop and become higher quality, with stronger monetary and fiscal policies, they start trading more like developed markets. As a result, a static investment process that focuses purely on credit risks, for example, will struggle to outperform on the more developed side of emerging markets.

Being prepared

What unique insight do we have?

Investec Asset Management is one of the first firms to have developed a global mainstream fund management business from emerging market roots. We believe that our journey to this point has taught us that we must adapt to the environment as we find it, not how we would like it to be.

The disruptions of the last 25 years have taught us is that as global financial markets become more integrated more than ever we need to build diversified and resilient portfolios to preserve and grow our clients’ capital. But doing so doesn’t mean shying away from taking on appropriate risk. In a complex and uncertain investment environment we need to search more broadly for opportunities, adapt our strategies and processes where necessary. We need to keep evolving. This doesn’t mean throwing out all the old models, but working from a stable core of investment beliefs.

So what do the next 25 years hold? No one has a crystal ball, but we believe that whatever happens it is important that we focus on doing the right thing for our clients, by acting in a way that reflects their values and aspirations as well as our own. We need to make sure that we steward our clients’ money safely and that means adapting to market changes and disruptions. We also have a responsibility to think about the long term and leaving a better future for the savers of today.

A view from the CEO

"We need to preserve and grow wealth for future generations. We need to lengthen our investment horizons beyond the next quarter and find innovative opportunities that will drive future economic growth and productivity"

Hendrik du Toit CEO, Investec Asset Management

Chinese SOE reform in the spotlight

Important information

This communication is only for institutional investors. It is not to be distributed to the public or within a country where such distribution would be contrary to applicable law or regulations. Unless stated otherwise, all information is sourced from Investec Asset Management Limited, Investec Investment Management Limited and Investec Asset Management North America, Inc (“Investec”). Investec has prepared this material based on internally developed data and public and third party sources. Although we believe the information obtained from public and third party sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness. Information is presented for informational and illustrative purposes only. Information presented should not be viewed as a recommendation or a solicitation of an offer to buy, sell or hold a security or investment, or as a recommendation to adopt any investment strategy. No one should rely upon this information as research or investment advice. The stated opinions and investment views, including those regarding possible future events, constitute only subjective views and/or present intentions, and are not guarantees, representations or warranties, and are subject to change at any time without notice. There is no guarantee that views and opinions expressed will be correct and our intentions to buy or sell particular securities in the future may change. The investment views, analysis and market opinions expressed may not reflect those of Investec as a whole, and different views may be expressed based on different investment objectives. Securities referenced do not represent all of the securities purchased, sold or recommended for portfolios. Do not assume that investments in securities, companies, sectors or markets described in this material have been or will be profitable. Past performance cannot guarantee future results. Characteristics and performance of individual portfolios will vary. Unless specifically noted, past performance figures are not audited and should not be taken as a guide to future results. Investec does not guarantee the achievement of investment objectives, target returns or measurements such as alpha, tracking error, security weightings, and information ratios. The use of tools cannot guarantee performance. Investing entails risks, including possible loss of principal. If anything is unclear, please either telephone or email the contact provided with this material. This information is intended for use by our clients and their authorized representatives and is not intended for public distribution. Except as otherwise authorised, this information may not be shown, copied, transmitted, or otherwise given to any third party without Investec’s prior written consent. Indices are for illustrative purposes only, are unmanaged, assume reinvestment of income, do not represent the performance of actual accounts and have limitations when used for comparison or other purposes because they may have volatility, credit, or other material characteristics (such as number or types of securities) that are different from a particular product. Index returns do not reflect deductions for management fees or expenses, and assume reinvestment of dividends and distributions. One cannot invest directly in an index.
This communication is intended for institutional investor use only.

Some of the funds displayed on this page may not be registered in your region and will therefore not be available for sale . Please visit to check registration by country.