Do central banks know something we don’t?

Multi Asset Strategy Quarterly - September 2024

The MA Quarterly for the three months to September. The multi-asset team provides high level comment on the macro-economic environment, key thematic issues, and underlying asset classes, exploring how they may be affected by current market factors.

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.

Capital Market Assumptions - October 2024

Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.

Credit Chronicle: Q3 2024

Ninety One’s Multi-Asset Credit team reviews how credit markets fared in the third quarter of the year and shares its latest scorecards and outlook for the global credit universe.

Unblocking Indonesia’s logistics logjam

The high cost of shipping materials and goods around Indonesia – a country comprising more than 17,000 islands – is putting a brake on the development of the e-commerce sector. The largest Indonesian e-commerce player is innovating to break the logistics logjam, and in doing so extend its market leadership.

Sovereign sustainability snapshot: Colombia

Colombia is a pioneer in the sustainable bond market, and its progress on nature and biodiversity is encouraging. But broader sustainability performance is mixed, explains Nicolas Jaquier.

The year of the ballot

Elections often move markets. This year, eight of the world’s 10 most-populous nations go to the polls in the same year for the first time ever. FX markets are often the best way to express views or hedge positions in and around elections, and FX volatility presents a source of potential alpha. We have produced this piece to help investors navigate this year. The year of the ballot.

Trump - It may be possible to achieve higher tariffs and a weaker US dollar

Iain Cunningham, Head of Multi-Asset Growth, discusses the implications of trade policy, examining how and why tariffs are expected to play a central role in Trump’s push for US reindustrialisation and a more equitable global trade system.

CECR first green bond

Anchoring Zambia’s first-ever green bond.

Balancing the promise and perils of AI

Capturing structural growth potential is not easy, but in uncertain markets, it’s essential. Today, investors are eager to understand more about the potential opportunities in Artificial Intelligence (AI). Head of Quality Clyde Rossouw explains why exposure to higher quality companies can successfully position investors for an AI-driven future.

China: Recovery or relapse

China’s equity performance over the past three years has left investors disappointed. However, with the rollout of its most substantial stimulus package in years, it raises the question: should investors reassess their stance on China?

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.

Emerging Market Debt Indicator October 2024

Our EM debt team provides an update across the investment universe and shares the latest outlook and current top-down positioning.

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.

October in review

October was a volatile month for global markets for various reasons, but the key common factor throughout was the upcoming US elections, and the general appetite for risk eroded as the event drew closer. By month-end, most markets were down, in US dollars.

What the US election means for emerging markets investors

A shift in gear or more of the same? Portfolio managers Archie Hart and Thys Louw consider the implications of Trump’s election victory for emerging markets and discuss what it means for investors.

US election: A clear cut result, but what does it mean for the economy?

US equity markets reacted favourably to the US election result. However, Philip Saunders, Director of Ninety One’s Investment Institute reminds us that regardless of the party in power, long-term market movements are driven by fundamentals – growth matters.

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.

US election shakes up commodity markets; spotlight on China and trade policies 

While US equity markets reacted favourably, commodity markets remained more cautious. Much hinges on Trump’s stance on international relations – including towards Iran, Russia, China – and its impact on the global economy and, consequently, global commodity prices.

Investing in decarbonisation under Trump 2.0

How will Trump 2.0 affect clean-tech sectors, including renewable energy and electric vehicles? Deirdre Cooper considers what lies ahead for investors in global decarbonisation.

Multi Asset Strategy Quarterly - September 2024

The MA Quarterly for the three months to September. The multi-asset team provides high level comment on the macro-economic environment, key thematic issues, and underlying asset classes, exploring how they may be affected by current market factors.

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.

Capital Market Assumptions - October 2024

Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.

Credit Chronicle: Q3 2024

Ninety One’s Multi-Asset Credit team reviews how credit markets fared in the third quarter of the year and shares its latest scorecards and outlook for the global credit universe.

Unblocking Indonesia’s logistics logjam

The high cost of shipping materials and goods around Indonesia – a country comprising more than 17,000 islands – is putting a brake on the development of the e-commerce sector. The largest Indonesian e-commerce player is innovating to break the logistics logjam, and in doing so extend its market leadership.

Sovereign sustainability snapshot: Colombia

Colombia is a pioneer in the sustainable bond market, and its progress on nature and biodiversity is encouraging. But broader sustainability performance is mixed, explains Nicolas Jaquier.

The year of the ballot

Elections often move markets. This year, eight of the world’s 10 most-populous nations go to the polls in the same year for the first time ever. FX markets are often the best way to express views or hedge positions in and around elections, and FX volatility presents a source of potential alpha. We have produced this piece to help investors navigate this year. The year of the ballot.

Trump - It may be possible to achieve higher tariffs and a weaker US dollar

Iain Cunningham, Head of Multi-Asset Growth, discusses the implications of trade policy, examining how and why tariffs are expected to play a central role in Trump’s push for US reindustrialisation and a more equitable global trade system.

CECR first green bond

Anchoring Zambia’s first-ever green bond.

Balancing the promise and perils of AI

Capturing structural growth potential is not easy, but in uncertain markets, it’s essential. Today, investors are eager to understand more about the potential opportunities in Artificial Intelligence (AI). Head of Quality Clyde Rossouw explains why exposure to higher quality companies can successfully position investors for an AI-driven future.

China: Recovery or relapse

China’s equity performance over the past three years has left investors disappointed. However, with the rollout of its most substantial stimulus package in years, it raises the question: should investors reassess their stance on China?

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.

Emerging Market Debt Indicator October 2024

Our EM debt team provides an update across the investment universe and shares the latest outlook and current top-down positioning.

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.

October in review

October was a volatile month for global markets for various reasons, but the key common factor throughout was the upcoming US elections, and the general appetite for risk eroded as the event drew closer. By month-end, most markets were down, in US dollars.

What the US election means for emerging markets investors

A shift in gear or more of the same? Portfolio managers Archie Hart and Thys Louw consider the implications of Trump’s election victory for emerging markets and discuss what it means for investors.

US election: A clear cut result, but what does it mean for the economy?

US equity markets reacted favourably to the US election result. However, Philip Saunders, Director of Ninety One’s Investment Institute reminds us that regardless of the party in power, long-term market movements are driven by fundamentals – growth matters.

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.

US election shakes up commodity markets; spotlight on China and trade policies 

While US equity markets reacted favourably, commodity markets remained more cautious. Much hinges on Trump’s stance on international relations – including towards Iran, Russia, China – and its impact on the global economy and, consequently, global commodity prices.

Investing in decarbonisation under Trump 2.0

How will Trump 2.0 affect clean-tech sectors, including renewable energy and electric vehicles? Deirdre Cooper considers what lies ahead for investors in global decarbonisation.

Multi Asset Strategy Quarterly - September 2024

The MA Quarterly for the three months to September. The multi-asset team provides high level comment on the macro-economic environment, key thematic issues, and underlying asset classes, exploring how they may be affected by current market factors.

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.

Capital Market Assumptions - October 2024

Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.

Credit Chronicle: Q3 2024

Ninety One’s Multi-Asset Credit team reviews how credit markets fared in the third quarter of the year and shares its latest scorecards and outlook for the global credit universe.

Do central banks know something we don’t?

Russell Silberston

Russell Silberston

Investment Strategist – Macro-economic and policy research​

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 Do central banks know something we don’t?

Investment Strategist – Macro-economic and policy research