2024 Investment Views

Why the best stories often don’t make good investments

A handful of global companies have provided outsized returns this year, creating both risks and opportunities. Sometimes, the best businesses don’t make the best investment cases.

Global Insights 2023

2023 has been a year of defining change, with much of the world adapting to higher interest rates. See below for key takeaways from the sessions with our portfolio managers.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Position for growth in 2023

As the interest rate environment begins to normalise in 2023, we believe investors should seek exposure to those companies with access to growth opportunities.

Quality earnings are more predictable than the market

Clyde Rossouw explains why investors who buy businesses that have realisable growth – not the promise of growth - should be well placed in 2025.

Navigating narrow markets: The importance of stock-specific drivers

4Factor’s Rhynhardt Roodt reflects on a strong year for equity market momentum and considers where best to focus in 2025.

Trade tariffs and geopolitics could sustain gold’s shine in 2025

Gold shone in 2024, and the sector appears poised to maintain its appeal as an investment opportunity. George Cheveley examines the factors influencing the commodity sector in the year ahead.

Quality: An evolution of positioning, but not principles

Clyde Rossouw explains why the inherent adaptability of his team’s Quality approach has enabled the constituents of Global Franchise to evolve over time, without compromising their purist quality philosophy.

Looking into Alcon

Quality companies can be found across many sectors, providing they possess some key attributes. In this short video, portfolio manager Abrie Pretorius details why our Quality team believes that Alcon – with its dominant position in the eye care market and strong balance sheet – is well placed to benefit from the structural growth opportunity that the industry offers.

Digesting the result from a Quality perspective

While there has been some short-term volatility in the immediate aftermath of the decisive election result, Clyde Rossouw explains why the direction of travel over the longer term is likely to be supportive for a quality approach based on earnings resilience.

Global Franchise update

We recently hosted a live webinar where Clyde Rossouw, the PM of the Ninety One Global Franchise gave an update on the strategy, his views on the current market environment and the team’s differentiated approach to Quality investing. Watch the recording here.

Navigating an increasingly concentrated market

The narrow leadership in global equities is unprecedented. It is also dangerous. Clyde Rossouw explains why markets do not appear as healthy as the headlines suggest, and that there are several warning signs that investors should be cognisant of.

Making holidays profitable

Travel is an attractive industry to look for investment opportunities. In this short video, analyst Joe Thomas talks us through why our Quality team believes that Booking Holdings – with its strong competitive position and capital light business model – is well placed to ride the structural growth wave that the industry offers.

5 minutes

Why the best stories often don’t make good investments

A handful of global companies have provided outsized returns this year, creating both risks and opportunities. Sometimes, the best businesses don’t make the best investment cases.

Global Insights 2023

2023 has been a year of defining change, with much of the world adapting to higher interest rates. See below for key takeaways from the sessions with our portfolio managers.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Position for growth in 2023

As the interest rate environment begins to normalise in 2023, we believe investors should seek exposure to those companies with access to growth opportunities.

Quality earnings are more predictable than the market

Clyde Rossouw explains why investors who buy businesses that have realisable growth – not the promise of growth - should be well placed in 2025.

Navigating narrow markets: The importance of stock-specific drivers

4Factor’s Rhynhardt Roodt reflects on a strong year for equity market momentum and considers where best to focus in 2025.

Trade tariffs and geopolitics could sustain gold’s shine in 2025

Gold shone in 2024, and the sector appears poised to maintain its appeal as an investment opportunity. George Cheveley examines the factors influencing the commodity sector in the year ahead.

Quality: An evolution of positioning, but not principles

Clyde Rossouw explains why the inherent adaptability of his team’s Quality approach has enabled the constituents of Global Franchise to evolve over time, without compromising their purist quality philosophy.

Looking into Alcon

Quality companies can be found across many sectors, providing they possess some key attributes. In this short video, portfolio manager Abrie Pretorius details why our Quality team believes that Alcon – with its dominant position in the eye care market and strong balance sheet – is well placed to benefit from the structural growth opportunity that the industry offers.

Digesting the result from a Quality perspective

While there has been some short-term volatility in the immediate aftermath of the decisive election result, Clyde Rossouw explains why the direction of travel over the longer term is likely to be supportive for a quality approach based on earnings resilience.

Global Franchise update

We recently hosted a live webinar where Clyde Rossouw, the PM of the Ninety One Global Franchise gave an update on the strategy, his views on the current market environment and the team’s differentiated approach to Quality investing. Watch the recording here.

Navigating an increasingly concentrated market

The narrow leadership in global equities is unprecedented. It is also dangerous. Clyde Rossouw explains why markets do not appear as healthy as the headlines suggest, and that there are several warning signs that investors should be cognisant of.

Making holidays profitable

Travel is an attractive industry to look for investment opportunities. In this short video, analyst Joe Thomas talks us through why our Quality team believes that Booking Holdings – with its strong competitive position and capital light business model – is well placed to ride the structural growth wave that the industry offers.

5 minutes

Why the best stories often don’t make good investments

A handful of global companies have provided outsized returns this year, creating both risks and opportunities. Sometimes, the best businesses don’t make the best investment cases.

Global Insights 2023

2023 has been a year of defining change, with much of the world adapting to higher interest rates. See below for key takeaways from the sessions with our portfolio managers.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Position for growth in 2023

As the interest rate environment begins to normalise in 2023, we believe investors should seek exposure to those companies with access to growth opportunities.

Fundamentals to be the differentiator

Clyde Rossouw

Neil Finlay

Quality equities | Q&A with Clyde Rossouw

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Authored by

Clyde Rossouw

Neil Finlay

Quality equities - latest insights

Quality earnings are more predictable than the market

Navigating narrow markets: The importance of stock-specific drivers

Trade tariffs and geopolitics could sustain gold’s shine in 2025

Quality: An evolution of positioning, but not principles

2024 Outlook