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1 week ago | 
citywire.com | RUAN JOOSTE |Justin Adam Brown |Johann Peens |Jaco Visser
All Weather Capital deputy chief investment officer (CIO) Sanelisiwe Tofile believes South Africa’s Government of National Unity (GNU) looks more likely than ever to break apart.
‘The African National Congress [ANC] and Democratic Alliance [DA] had good intentions for this GNU,’ he said.
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1 week ago | 
citywire.com | Justin Adam Brown |Angus Foote |Nour Azhar |Jaco Visser
LONDON: Fee compression remains a dominant narrative in the ETF industry with companies vying to maintain and attract investors. WisdomTree recently slashed fees of its existing $880m (£682m) bitcoin ETP to mirror BlackRock’s introductory pricing of its new bitcoin ETP – a move widely interpreted as a defensive manoeuvre to protect their market share.
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1 week ago | 
citywire.com | Justin Adam Brown |Jaco Visser |RUAN JOOSTE |Simon Evan-Cook
From a valuation perspective, Anchor Capital believes investors could ‘buy with impunity’ if market turmoil knocks the S&P 500 index below 4,500 points.
During a webinar, Anchor chief executive and co-chief investment officer (CIO) Peter Armitage said that if the S&P 500 fell below 5,000, Anchor would buy ‘selective’ shares.
‘You can easily see the market up or down 10% over the course of the next few weeks,’ he added. Already have an account?
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1 week ago | 
citywire.com | Jaco Visser |Eleanor Becker |Justin Adam Brown |RUAN JOOSTE
Mike Estment, NFB’s remaining founder, spoke to Citywire South Africa earlier this month, sharing insights into what has made the group a success and offering advice to aspiring independent financial advisers (IFAs).
The self-confessed storyteller is proud of his humble beginnings as the son of a Port Elizabeth (now Gqeberha) fire chief. He credits much of his success to his upbringing and education at Grey High School, as well as his experience serving as a naval officer during national service.
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1 week ago | 
citywire.com | Jaco Visser |Justin Adam Brown |RUAN JOOSTE |Simon Evan-Cook
In the middle of global volatility in markets due to US President Donald Trump’s tariff flip-flops, one positive has reared its head for South Africa: lower inflation.
For investors, a lower inflation outlook will amplify the real returns they achieve on their government bonds. Domestic political uncertainty is placing something of a floor below government bond yields.
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1 week ago | 
citywire.com | Natalia Vasnier |Justin Adam Brown |RUAN JOOSTE |Simon Evan-Cook
PPS Investments’ total assets under management and administration ended 2024 at R96.5bn, up almost 15% from R84bn in 2023.
The asset manager reported net flows into its investment business of R3.5bn in 2024, up from R2.5bn in 2023. Of the R12.5bn increase in PPS Investments’ assets, R9bn was due to favourable market movements.
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1 week ago | 
citywire.com | Justin Adam Brown
The gold price has climbed to record levels, and in US dollars, the precious metal touched a fresh all-time high of $3,237 (R61,919) an ounce on Friday.
At an investment event in Johannesburg on Friday, Mentenova’s head of manager research, Jan-Daniël Klopper, who chaired a panel discussion, asked how portfolio managers are accessing the increase in the gold price: through gold shares or the physical bullion.
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1 week ago | 
citywire.com | Justin Adam Brown
Boutique firm Bateleur Capital believes the valuation of South African equity is cheap, driven mainly by a lack of extra local growth following the establishment of the Government of National Unity (GNU) last year and foreign investors selling South African shares.
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2 weeks ago | 
citywire.com | Justin Adam Brown
At the end of June 2024, Ninety One retained its position as South Africa’s largest single asset manager, according to Alexforbes. Ninety One increased its total assets under management (AUM) as of June 2024 by 4.5% to R860bn compared to R823bn as of June 2023, according to Alexforbes’s 2024 Manager Watch Survey of Retirement Fund Investment Managers released on Wednesday.
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2 weeks ago | 
citywire.com | Justin Adam Brown
The portfolio managers of the R643m Nedgroup Investments Mining and Resource fund believe 2025 will be a tricky year to navigate commodity markets. With Donald Trump’s tariffs and geopolitics stealing news headlines, nothing will likely drive commodity prices more. However, inflation is going to be a bit of a risk, said Unathi Loos, M&G Investments Southern Africa portfolio manager. ‘Commodity markets tend to outperform in that environment,’ she explained.
