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