Agrarius Sukuk: Attractive Coupon Payments and Transparent, Sustainable Agricultural Investments
In the last update, we unpacked how Agrarius is transforming the global agricultural sector and providing sustainable investment opportunities for investors. We also explored the achievements of the inaugural note program in 2022 up until the end of last year, with the returns of the instrument being highly competitive since inception, benchmarked against various asset-classes. […]
Machine learning style rotation – evidence from the Johannesburg Stock Exchange
Daniel Page, David McClelland, Christo Auret Source: https://www.tandfonline.com/doi/full/10.1080/23322039.2024.2402893#abstract Abstract This study evaluates naïve and advanced prediction models when applied to style rotation strategies on the Johannesburg Stock Exchange (‘JSE’). We apply 1- and 3-month style momentum as naïve predictors against three tree-based machine learning (‘ML’) algorithms (advanced predictors), namely Random Forest, XGBoost and LightGBM. Additionally, […]
fundHERforward: Insights from the Publicly Run Working Capital Application and Screening Process
At 27four, we’re deeply committed to shaping the future of emerging female fund managers. As Lester Freamon, from the Wire, once said, “We’re building something, here, detective, we’re building it from scratch. All the pieces matter”. This sentiment resonates strongly with our recent experience during the fundHERforward publicly run working capital application and screening process. […]
Monthly financial markets outlook | September 2024
Developed markets were volatile in August driven by concerns on the continued tightness in the US monetary policy settings, recession fears and rising geopolitical risks. Nonetheless most major indices ended in the green thanks to the dovish speech by the US Fed Chair, Jerome Powell at Jackson Hole. Sentiment was also bolstered by the upward […]
The Two-Pot Retirement System to be implemented
On the 01st of September 2024, the Two-Pot retirement system will be implemented as President Cyril Ramaphosa has signed the Pension Fund Amendment Bill into law during July, which enables the implementation of the long-awaited retirement reform. Last year there was proposed changes in the Draft Revenue Laws Amendment Bill which aimed to address two […]
27four lists second AMETF that uses machine learning, style momentum [CityWire]
The new fund dynamically adjusts its exposure to different investment styles, such as value, growth, momentum, and quality, to enhance returns and reduce downside risk. Source: CityWire South Africa | By: Justin Brown 27four last week listed its second Actively Managed Exchange Traded Fund (AMETF) on the Johannesburg Stock Exchange (JSE). 27four listed its first […]
Micro-Investing: Is this new trend sustainable for Millennials and Generations Zs?
There has been a trend in recent years with more and more Millennials and Generation Z individuals (current ages roughly between 18 – 43), utilising a concept of micro-investing to either get started in the world of investing or consider themselves DIY investors and want to actively manage their own investments. Before we get into […]
βeta Solutions Quarterly Style Analysis – Q2 2024
The successful election and ‘relatively’ smooth transition to the market friendly government of national unity (“GNU”) has translated into a significant unlock of SA equity value, especially with respect to the SA Inc. stratum of the JSE. From a style perspective, the positive news flow has resulted in two stand-out performers, namely momentum and rand […]
Exchange Traded Funds (ETFs) – what opportunities do they provide
The rise of ETFs The Exchange Traded Funds (ETF) industry in South Africa has gained popularity in recent years, with the total market capitalisation of the entire South African ETF industry, increasing from R165.4 billion at the end of 2023to R178.2 billion at the end of the Q1 of 2024, representing a rise of 7.7% […]