This article focuses on the New Road BCI Income Fund of Funds to explain the importance of longer duration instruments in income portfolios. A longer... Read More

Diversification is the most widely used tool for portfolio risk reduction. In this article we explore an alternative to mean-variance optimisation which may be more... Read More

Global fears around the possibility of recession have been prevalent since the start of 2023. After the first earnings season of the year has passed... Read More

This article explores the risks associated with active funds, specifically, the security selection risk, and illustrates the importance of asset allocation decisions.... Read More

Local equity investments are often viewed as strictly separate to offshore investments but how closely linked are local equities to offshore markets? This article explores... Read More

In this article, we discuss the average holding period of South African equities since 1975 and the effects that a short investment horizon may have... Read More

As our first article of 2023, we take a look at where we are in the economic cycle going into the new year and consider... Read More

In this article, we discuss the ability of investors to accurately time market swings and evaluate the effect that active decisions may have on investment... Read More

This article discusses the recent currency movements as driven by USD appreciation and how Rand investors should be cognisant of the risks involved with a... Read More

Although people like to think of themselves as rational beings, emotions and biases still play a significant role in the decision making process. This article... Read More