Much has been made of how concentrated our local All Share Index (ALSI) is and how certain companies (like Naspers) have a significant impact on movements of the index. But the ALSI is not unique. The Dow Jones Industrial Average also called DJIA, or simply the Dow, is a stock market index, that shows how 30 large publicly owned companies based … Continue reading How do you like THEM apples?
GMO have released their monthly forecast of what they believe the probable asset class returns will be over the next 7-years. Comment: Asset class / index views are a broad generalisation and should not be interpreted as meaning that all/every component is the same. Within each of these asset classes one will find assets which … Continue reading GMO’s 7‐Year Asset Class Real Return Forecasts
Writing in the latest PSG Asset Management quarterly newsletter my friend and former colleague, Philipp Wörz has highlighted that it's not just foreign asset managers who think that developed market valuations are starting to feel quite stretched, but local managers are very aware of this too. "Global equities have been in a bull market ever … Continue reading PSG: Be selective when investing offshore and don’t discount South Africa
"Prescribed assets" That's a phrase which should send chills down the spine of all South Africans who contribute to a regulated retirement fund, retirement annuity and the like. Many of our older clients may remember the dark days of the 1970s when the Apartheid Government of the day prescribed that a certain percentage of all … Continue reading Prescribed assets: I’m watching this space