This hackneyed expression of “Time in the market” is trotted out by the perma-bulls every once in a while. The cynical amongst us suspect it is when their assets under management (AUM) are threatened. It has the same simplistic catch-line and absence of logic as populist political slogans – usually in red – and many
Our Head of Investment Strategy, Joanne Baynham recently hosted a Masterclass on Asset TV, discussing global equities with experts from Denker Capital, Fundhouse and Schroders.
We at MitonOptimal take asset allocation (AA) very seriously, taking into consideration both Strategic AA (5-7 years) and Tactical AA within the various assets classes. In that context, this quarterly piece provides insight into our short term tactical calls on a 12-month view (reviewed quarterly) and as such may diverge from our long term strategic
South African budget 2019/2020 review You have to hand it to Tito Mboweni, he was dealt some pretty bad cards and did the best he could in the 2019/2020 budget. He had to walk a fine line between saying something the rating agencies wanted to hear, avoid killing growth completely and at the same time
At MitonOptimal we take asset allocation (AA) very seriously, taking into consideration both Strategic AA (5-7 years) and Tactical AA within the various asset classes. In that context, this quarterly piece provides insight into our short-term tactical calls on a 12-month view (reviewed quarterly) and as such may diverge from our long-term strategic AA views.
The latest TLA (three letter acronym) rolling off asset managers’ tongues at every conference is ESG. Every manager claims to espouse the principles of ESG in their fundamental research process and when pressed for a sound bite to quote their adoption of ESG, one is offered a suspiciously similar paragraph from each manager that one
In the last week, world equity markets, as measured by the MSCI World Index, have dipped back into “correction” territory with the benchmark in question having fallen back below the -10% mark (at the time of writing -11.24% in USD terms) from its September peak. The sell-off across risk assets has been variously attributed to
As the dust has settled, post the 6th November mid-term elections, we share with our readers what we have learnt post the election results. Firstly, as it is now well known, the Democrats have won the House of Representatives, winning the seats they needed to take control of the House. It is the first time
It has been a devastating eight months for investors in Emerging Market (EM) bonds and equities. In US$ terms, investors in EM equities (using the MSCI EM ETF as proxy) have now faced four years of basically zero returns, while the MSCI South Africa ETF is now down 19% in US$ terms over four years
Financial Times contributor John Authers wrote his last “The Long View” article on the weekend after 12 years in harness at the pink paper. We at MitonOptimal have long, excuse the pun, been readers of his articles as sensible and pragmatic journalism on investment philosophy, long term asset allocation and trying to make sense of