We exercise our voting rights on behalf of our clients diligently because we believe it is one of the most effective ways of entrenching corporate citizenry. We therefore review the voting issues per resolution at each annual general meeting and vote in line with our policy. In March, we voted on 90 resolutions of which 59 were in favour and 31 were against.
We have concluded the first innings of 2021, with reflation assets dominating the playing field and market leaders of 2020 falling behind.
We exercise our voting rights on behalf of our clients diligently because we believe it is one of the most effective ways of entrenching corporate citizenry. We therefore review the voting issues per resolution at each annual general meeting and vote in line with our policy. In March, we voted on 90 resolutions of which 59 were in favour and 31 were against.
November lived up to its reputation of being generous, as it handsomely rewarded long-suffering investors with solid returns across all major asset classes. The FTSE/JSE All Share Index recorded its second-best performance for the year after gaining 10.5% while vanilla bonds and inflation linkers gained 3.25% and 1.95% respectively.
Governance issues — appointment of chairs and election of board members — dominated company resolutions in February. Governance issues have evolved over the past few years and so have the reactions to these issues. We voted on 143 resolutions in February: 100 in favour and 43 against.
November was an extremely busy month as several boards sat for their annual general meetings. We voted on 273 resolutions, 200 in favour and 73 against. Governance issues, particularly board member independence and executive remuneration, took centre stage as usual.
November lived up to its reputation of being generous, as it handsomely rewarded long-suffering investors with solid returns across all major asset classes. The FTSE/JSE All Share Index recorded its second-best performance for the year after gaining 10.5% while vanilla bonds and inflation linkers gained 3.25% and 1.95% respectively.
Download the November Shari’ah funds performance report and fund commentary from our investment team.
Summarising 2020 from any perspective is near impossible, especially when considering investment performance. The impact of COVID 19 and subsequent shifts in risk sentiment, fiscal policy reaction through bail-outs and the US elections have resulted in extreme sentiment swings, unbelievable opportunities and subsequent overvaluation. The JSE was up for the full year but lagged developed markets, why? The full year style note looks to document the impact of the idiosyncratic events on SA equities through the analysis of style performance on the JSE. Additionally, in our datascience segment, we evaluate our model output from the Q3 note and provide model driven estimates of style performance over the first quarter of 2021.
November was an extremely busy month as several boards sat for their annual general meetings. We voted on 273 resolutions, 200 in favour and 73 against. Governance issues, particularly board member independence and executive remuneration, took centre stage as usual.
