How probable is a ‘Grexit’?

A few months ago we put the probability of a de jure exit at about 25% over the next two years. Today we think that probability has risen to about 40%. However, we have also emphasised that there is a strong possibility of a semi-exit where capital controls are imposed and the ECB (European Central […]

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US Fed: data-dependant or data-sceptical?

Hike only in December? Despite strong US economic data since they last met, the US Federal Reserve’s (Fed) Open Market Committee (FOMC) struck a rather cautious tone in its media conference this week.  As a result, market expectations are now pointing to the first hike only in December. (more…)

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Morningstar: South Africa Scores C Grade

Morningstar Research recently released its biannual Global Fund Investor Experience report, which assesses the experiences of mutual fund investors in 25 countries across North America, Europe, Asia, and Africa. South Africa scored a grade of C in the report. Morningstar researchers identified Korea and the United States as the most investor-friendly markets and China the […]

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Johan Esterhuizen, Portfolio Manager, FedGroup Asset Management

Investing towards a goal

Lately, the investment strategies employed in managing retirement funds have tended to favour a performance-based framework as fund managers chase the best returns. While this strategy may seem more attractive on the surface as it aims to maximise wealth creation, the returns achieved don’t always meet the needs of investors in retirement. (more…)

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Financial independence vs. retirement

Google “retirement” and you’ll find a staggering 208 million results. Google “financial independence” – a term which would be synonymous with retirement in an ideal world – and you will find about 15 million results, says Daphne Byers, Advice Partner at The Wealth Corporation. (more…)

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In the upcoming issues of Money Marketing

In our July and August issues we take a look at investing for income and growth, hedge funds, critical illness and the short-term insurance industry. For more information click here.

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Public sector wage agreement: an encouraging development

The South African government’s recently concluded three-year wage agreement with the public sector unions is an encouraging step towards improving the country’s current tepid potential growth. The agreement comprised a consumer price inflation (CPI) plus 2% (7% nominal) increase in 2015, followed by increases of CPI plus 1% in each of 2016 and 2017.  There […]

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IMF wants tighter regulation of the asset management industry

Today we’re privileged to have award winning economist Colen Garrow as our guest newsletter writer. Colen has a BCom (Hons) in Economics. He started a career in banking with Barclays Bank in 1983. He joined Brait, a JSE listed private equity company in 2001. Since his exit from Brait, Colen started Meganomics, a platform being […]

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Global investor = Global adviser

Offshore investing and wealth management require a different perspective and view. If a wealth portfolio is global does it make sense to use a global adviser? Mike Abbott, head of Sable Wealth, says that an international adviser can give advice when various jurisdictions are involved, and can build and manage a global portfolio. A growing […]

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A volatile rand

The rand has seen marked volatility this year, starting 2014 at R11.55/USD and weakening to R12.49/USD, with retracement to R11.35/USD in Q1 2015, but mainly recording losses against the US dollar. This is according to Investec economist Annabel Bishop. The weakest rand/US dollar exchange rate was reached in 2001 – R13.75. Bishop says that investors […]

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South African Investment Panorama study launched

Major investment institutions and leading asset managers have welcomed the recent launch of the South African Investment Panorama survey. The study, which is a project spearheaded by international strategic research company Insight Discovery, is designed to identify the issues that have an impact on South Africa’s Independent Financial Advisors. Nigel Sillitoe, CEO of Insight Discovery, […]

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