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.
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.
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.
