We're halfway into 2018, and Trump is alienating Iran, whilst befriending North Korea. The world is watching nervously. Seemingly oblivious, the US dollar is powering ahead, leaving emerging market currencies, including the rand, struggling in its wake. Meanwhile, our new President has indeed moved fast - faster than even the most optimistic were thinking. Yet still, not all is right.
Join Jeremy Gardiner, Malcolm Charles (Co-Portfolio Manager: Investec Diversified Income Fund) and Hannes van den Berg (Co-Portfolio Manager: Investec Equity Fund) as we offer guidance as to where this is all going, and what it means for your investments.
While we started the year on a positive note, policy uncertainty, contracting domestic growth, trade wars and the global risk-off environment have contributed to a challenging market for investors. It is encouraging that despite disappointing returns and increased volatility, many of our advisors are holding the line and not bowing under pressure to make irrational decisions.
While those who have been invested for a long time have experienced the benefits of double-digit returns and the power of compounding, it is those newer clients who have only experienced paltry returns that may need your encouragement to stay the course. Volatility and market weakness are uncomfortable, but they create opportunities and as always, we are committed to finding them.
In this edition of Taking Stock publication, Jeremy Gardiner discusses the current market weakness, Clyde Rossouw and Danielle Lavan evaluates the quality investment case for tobacco stocks, Jaco van Tonder takes a closer look at why a sensible income strategy is critical for living annuity investors and Nazmeera Moola argues why good policy-making calls for skillful political maneuvering. As usual Taking Stock is introduced by Sangeeth Sewnath and we feature a Q&A with CEO designate John Green.
The Investec Diversified Income Fund offers an actively managed globally integrated fixed income solution for the domestic investor.
Why choose this fund?
The Investec Equity Fund is an actively managed high-conviction portfolio with a solid long-term track record. Built around a robust, repeatable but not replicable investment process, the Fund aims to deliver long term capital growth.
Why choose this fund?
Hannes is a portfolio manager responsible for the SA Equity & Multi-Asset strategies in Investec Asset Management’s 4Factor team. His focus is on the General Equity and Balanced strategies and equity hedge funds.
Prior to joining the firm, Hannes was a portfolio manager at Fairtree Capital. He was also an analyst and head of the equities trading desk. Before that, he held various positions within the Sanlam Group, including being a founding member of MiWay Insurance and member of the Group Corporate Finance team. Hannes completed his articles at PricewaterhouseCoopers.Read more
Hannes holds a Bachelor of Accounting Honours as well Bachelor of Accounting Masters degree from Stellenbosch University. Hannes is a Chartered Accountant and CFA Charterholder.
Director, 25 years with the firm
Jeremy is a regular voice in the media, at conferences and to the investment-related world at large, responsible for commenting on current affairs, economics and investment markets.
Taking on a number of positions including Head of Nationals and Networks, Director of Global Partnerships and Director of Advisory and Partnerships Sales.
In his position, Jeremy is inundated with information from the world’s top analysts, on everything from politics to petrol. Jeremy’s challenge is consolidating all this information and bringing it to you in an understandable format that you will find interesting and informative.
With the company since 1992, Jeremy has been with the firm for 25 years, during which the business grew from a small Cape Town Asset Management firm to a significant global business managing clients assets in excess of R1.6 trillion*.Read more
Jeremy also served on the board of Western Province/Stormers rugby from 2003 to 2005, a period in which their performance was particularly poor!
Although he studied accounting at the University of Cape Town and Economics at the University of Witwatersrand, Jeremy is neither an accountant nor an economist, but uses these skills to demystify what the accountants and economists are saying.
* as at 30th June 2017.
Malcolm is a portfolio manager in the South African Rates team, with responsibility for a range of fixed income portfolios, including the Flexible Bond, Dynamic Bond and Diversified Income strategies as well as the Fixed Income hedge fund.
Prior to joining Investec Asset Management in 2001, he worked for African Harvest Fund Managers and Old Mutual Asset Managers, as both a fixed interest trader and portfolio manager.Read more
Malcolm graduated from Rhodes University with a Bachelor of Commerce degree in Accounting, Business Administration and Commercial Law.
Co-Head of SA & Africa Fixed Income
Peter is a Co-Head of SA & Africa Fixed Income and is a portfolio manager in the South African Rates team at Investec Asset Management. He has responsibility for a range of fixed income portfolios, including the Flexible Bond and Diversified Income strategies, complementing the team with his global macro experience.
Prior to joining Investec Asset Management, he spent eight years as an interest rate derivative trader at Goldman Sachs in London, with responsibility for managing European swap flow and prop books.Read more
Peter holds a Bachelor of Commerce (Hons) from the University of Cape Town, and a Master of Science degree in Finance from the London Business School. He is also a Chartered Accountant (SA) and a CFA Charterholder.
Friday 27 July 2018, 10:00 - 12:00pm
The Boardwalk Hotel and Convention Centre
Wednesday 1 August 2018, 10:00 - 12:00pm
12-14 Walnut Rd
Thursday 2 August 2018, 10:00 - 12:00pm
Century City Convention Centre
No. 4 Energy Lane
Tuesday 7 August 2018, 10:00 - 12:00pm
138 Rivonia Rd
Tuesday 7 August 2018, 15:00 - 17:00pm
Pretoria Country Club
241 Sidney Street