Q2 2021 Update & Fund Commentary

I am very optimistic about civil society's response to the unrest in South Africa. I wrote a thought piece around it here. It is important that we each do our bit!

Looking back at the past quarter we see there is no shortage of talking points. Brendan and the PortfolioMetrix team cover these in detail below!

If you are a client of ours, Candice is busy preparing your Personalised Quarterly Investment Reports. Please expect these in the coming week. In summary and on a positive note, performance has continued since the pullback last March / April 2020, with this quarter's performance being more tempered than the big numbers we saw over the previous 3 or 4 quarters.

Enjoy!

This piece was compiled by Brendan de Jongh, SA Head of Research at PortfolioMetrix.

The second quarter of 2021 was notable in that markets began to shift away from the ‘reflation’ narrative of future high expected growth and high expected inflation. This narrative had been prevalent since the announcement of successful vaccine trials in November 2020 and had led to the expectation of a dramatic increase in global interest rates in the near future, which resulted in the outperformance of cyclical equities.

Five Year Asset Class Returns Matrix (Q2 2021).png

Local Fund Commentary

Provides a commentary on the past quarter, its events and their impacts; as well as more intimate commentary on each moving part within your portfolios.

Local Fund Commentary | Q2 2021