API Quarter 4 Summary 2019

LOCAL MARKETS IN A NUTSHELL Local equity markets had a positive return in the fourth quarter concluding a recovery in 2019. The JSE All Share Total Return Index gained 4.4% over the quarter. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2009/01/01 – 2019/12/31)   Source: Trading Economics The JSE…

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Are income funds risk free?

Cash has become the ‘safe haven’ for investors who have opted out of multi-asset funds due to the poor return of growth assets over the past several years. Some investors have chosen to remove the uncertainty of noisy volatile markets and secure the “certainty” of an inflation-beating return with a relatively low degree of volatility.…

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