All posts of obdadmin

Monthly Market Commentary – November 2021 South African (SA) asset classes generally held up well over the month, considering the environment, with global unhedged bonds the best-performing asset class. The rand weakened sharply, driving much of the performance of offshore asset classes in ZAR. Local equities remained positive, driven by resource stocks and rand hedged […]

Monthly Market Commentary – October 2021 Global risk assets drove performance in rands for South African (SA) investors over the month. The rand did weaken slightly but overall returns from global equity and global property were produced mainly in hard currency. US markets continued to perform well with strong earnings results keeping global stock markets […]

Monthly Market Commentary – September 2021 September saw the spillover of global risks into South African asset classes with local bonds selling off and the rand weakening over the month. SA bonds showed their riskiness underperforming local equities as foreign investors shunned the fixed income market. Despite a weakening rand, the global property was the […]

Monthly Market Commentary – July 2021 South African (SA) equity was the best performing local asset class with the Resources sector masking the fall in Naspers and Prosus due to Chinese regulatory risks. However, global asset classes trumped local asset classes as the rand came under pressure and developed markets continued to grind higher. Global […]

Risk mitigation in the current economic environment – Tomas Blendulf CAIASM – Head of Cape Town Operations The tragic and disturbing events unfolding in our country over the last few days, as well as the pandemic impact on the world over the last 18 months or so, certainly remind one of an (alleged) ancient Chinese […]

Monthly Market Commentary – June 2021 Emerging markets, in general, had a difficult month which included South Africa given its high EM beta characteristics. After being one of the best performing emerging currencies this year, the rand weakened strongly boosting offshore asset class returns in ZAR terms. Local equities blew off some steam after several […]