03 Mar 2025
1 hour
Brent has swung between $70 and $120 this year, but Paul Gooden doesn’t expect a quick return to normal. Refining margins, depleted inventories and a conflict with no quick exit will keep demand elevated for years. Meanwhile, energy equities still price in a world that no longer exists.
The MTBPS surprised on revenue and spending, then won over the bond market. Adam Furlan and Entle Mavuso explain why they came away encouraged, and what still needs watching.
A weaker dollar has long been a tailwind for emerging market returns. The US currency may trade sideways for a spell, while Paris and Beijing hold back the euro and Asian currencies, but its structural downcycle is far from over. Meanwhile, emerging market asset classes still offer plenty of opportunity for selective investors.
Our credit experts review how credit markets fared in the third quarter of the year and share the latest scorecards for the global credit universe.
Memory chips up 600%, a US war with Iran, oil above $100 and equities at record highs. Philip Saunders argues the madness is mostly noise. Beneath it sit four forces, a US playbook that makes sense, and bonds that finally offer value.
While many people still associate the Motorola name with the flip phones of the 1990s and early 2000s, this nostalgia is a thing of the past. Over time, the business has transformed itself into a provider of critical communication networks for emergency services globally. Paul Jones explains why this makes the company an ideal candidate for the Quality universe.
Global bond yields are rising again, challenging decades of falling rates, but John Stopford sees a cyclical move, not a regime shock. He explains why he is turning constructive on bonds and why the AI boom is the key risk for equities and credit.
While South Africa is technically an emerging market, local investors may be missing out on some chunky gains, especially in technology, that have benefited its peers. And now is still a good time to buy.
Markets diverged in the third quarter, with equities holding firm while bonds sold off as yields rose. A renewed US-Iran escalation lifted Brent crude sharply, reviving inflation concerns and prompting central banks in the US, Eurozone and Japan to raise rates in September. Equities still made modest gains, led by the US and supported by resilient growth and robust earnings, while gold and copper also rose.
What the Machine infers about you can open doors or lock them for good. Khadeeja Bassier on why the design of AI, not the technology itself, decides which.
SpaceX, Anthropic and OpenAI could reshape global equity indices as dramatically as any companies in history. What does the IPO class of 2026 mean for passive and active investors?
Gold fell from over $5 500 to about $3 600 this year, and central banks stepped back before coming back in force in the second quarter. Muhammad Docrat explains why the structural case still holds and what gold does for a portfolio that other assets can't.
Xi Jinping's Washington visit was more significant than the tariff concessions it produced. The symbolism, including Trump meeting Xi on the tarmac, points to Washington finally treating Beijing as a peer, Philip Saunders argues. For investors who've long priced in a Taiwan flashpoint, that shift deserves more attention than the trade headlines it generated.
More South Africans are moving into investment-linked living annuities every year. The reason isn't just investment choice: it's the flexibility to decide how the money is invested, how fast it reaches loved ones on death, and exactly who receives it, that's turning them into an increasingly popular choice.
Most heirs plan to leave their parents' advisor once an estate is settled. The Ninety One Family Office can play a role in keeping that relationship intact, particularly through the planning and pricing benefits it unlocks offshore.
Three central banks moved last week. A fourth, our own, decides this week. If you're trying to draw one lesson from all of it, Ruen Naidu argues, it’s this: the decision that matters most for South African bonds isn't the one the SARB is about to make.
Growth assets have rallied hard in 2026, which begs the question: has the good news already been priced in? Based on our three-lens framework, fundamentals, valuations, and sentiment, we don’t think so. There’s still room to run, but selectivity and diversification will be key.
The Opportunity Fund and Multi-Asset Flexible Fund share an active investment approach, but their mandates give them very different ways to seek returns. Here’s how their investment processes, constraints and opportunity sets differ.
Central banks have returned to the gold market in force since the Q1 slowdown. With the gold price appearing better supported than many market participants had assumed, the case for a re-rating of gold equities is strengthening.
The Value team explains how it hunts for mispricings in moments of rising uncertainty in markets.
Market and investment insights, webinars and events curated from across our investment teams to help you navigate changing investment landscapes.
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