Gareth Stobie

2 weeks ago | citywire.com | Ruan Jooste |Jaco Visser |Justin Adam Brown |Gareth Stobie

US investors awoke to a pandemic-like selloff in government treasuries as US President Donald Trump unilaterally implemented trade tariffs on imports into the world’s largest economy. The yield on 10-year US Treasuries spiked as high as 4.51% in US after-hours trading as the base trade kept unwinding, according to the Financial Times. The base trade refers to investors exploiting price inefficiencies between Treasury futures and the underlying deliverable cash bonds.

2 months ago | citywire.com | Jaco Visser |Gareth Stobie |Dylan Lobo |RUAN JOOSTE

Maybe investors in US exceptionalism didn’t weigh the true cost and impact of increased import tariffs. This became apparent yesterday, when markets across the world sold off in response to US President Trump’s executive decision to impose a tariff of 25% on Canadian and Mexican imports, and an additional 10 percentage points on Chinese goods. Trump’s move was in line with campaign promises to bolster US-based manufacturing. Other promises included the reduction of corporate tax rates.

2 months ago | citywire.com | Gareth Stobie |Algy Hall |Dylan Lobo |Jaco Visser

Most of us hate being ignored. For a behavioural value investor, though, it’s something to revel in. No one seems interested in the part of the US market that David Potter and Ryam Lee hunt for stocks in: cut-priced mid-caps. That’s got them very excited. They’ve good reason. Similar periods in the past have preceded spells of exceptional outperformance for their strategy. Potter and Lee manage the Fuller Thaler Behavioral Value Mid-Cap fund, which is only available in the US.

Nov 13, 2024 | citywire.com | Gareth Stobie |Citywire South Africa |Jaco Visser |Patrick Cairns

Citywire SA is excited to announce this year’s winners of its annual Fund Manager Awards, celebrating excellence in the local asset management industry. These awards recognise the fund managers and asset management groups with funds available for sale in South Africa that have shown the best risk-adjusted performance in recent years. We calculated the best fund managers using three-year risk-adjusted performance, while the group awards were calculated over seven years.

Nov 13, 2024 | citywire.com | Citywire South Africa |Gareth Stobie |Jaco Visser |Patrick Cairns

The local exchange-traded fund (ETF) market has seen a handful of transformative shifts since the Satrix 40 ETF first listed in November 2000. Two notable catalysts relate to offshore investing and the recent inclusion of active mandates. In 2017, the South African Reserve Bank (SARB) released a circular effectively allowing for open-ended offshore investment for ETFs on a look-through basis, according to their prudential limits. Some investors, though, like pension funds, were still limited.