Newsletter – Q3 2018

We are pleased to report that the strong fund performance that started in the second quarter continued through the third quarter this year. Underpinning this performance, is the funds’ positioning towards a few key themes that have continued playing out:

• Structurally weak SA economy
• Weak Rand due to Emerging Market (EM) sentiment despite improved politics
• Strong global economy led by the US
• Rising US interest rates, unwind of Quantitative Easing and EM outflows

Read the full article here: Q3 2018 Newsletter