Our take on the Fed’s June meeting
The US Fed is meeting tomorrow, and most investors are keen to hear the MPC’s take on the latest spurts in inflation and its assessment of the progress of the recovery of the US economy.
US housing sector bidding up inflation figures
April inflation prints in the US, Europe and many other emerging markets caught many investors unaware. But before you rush to rebalance portfolios, it is important to satisfy yourself on whether these numbers are transitory or persistent. In some emerging countries such as Turkey and Brazil, inflation may have staying power if not tamed. However, in most developed markets we see a lot of temporary factors driving April numbers: pent-up demand, supply bottlenecks, wealth effect, base effect and easy policy frameworks. But again, transitory inflation can flare up becoming a long-term problem so investors should remain vigilant.
Top 5 controversial AGM resolutions for May 2021
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.
Monthly financial markets outlook | May 2021
All major local asset classes delivered decent returns in April. The JSE All Bond Index bounced back on easing global inflation concerns on the back of an unequivocal commitment to defend the low-interest rate regime from the US Federal Reserve Bank (Fed). The Fed reassured markets that the inflation prints and employment numbers are still far from its targets.
All the pieces matter | Private markets fundraising survey
“Yeah now, well, the thing about the old days: they the old days” – Slim Charles (The Wire television series)...
Earnings grinding along…
A debate about the reasonability of equities, particularly US stocks, is raging among investors. Our view has always been that...
Mountain of worry
Fiscal and monetary authorities are likely to be remembered for a long time for their extraordinary interventions against the Covid-19...Top 5 controversial AGM resolutions for April 2021
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.
Monthly financial markets outlook | April 2021
We have concluded the first innings of 2021, with reflation assets dominating the playing field and market leaders of 2020 falling behind.