2026 Outlook

Rezco Asset Management hosted an investment webinar on 4 February 2026, with Chief Investment Officer Rob Spanjaard, Co-Portfolio Manager and Head of Research Simon Sylvester, and Head of Distribution Brian du Plessis presenting views on 2026 outlook. As a South African asset manager, Rezco explains how macro conditions, valuation and risk control shape unit trust and segregated portfolio decisions.

What this webinar covers

This webinar replay covers 2026 Outlook and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Multi-Asset funds, Rezco SA Equity Fund, Rezco Value Trend and related portfolio themes. We've got the valuation of price, earnings ratio in its simplest form on the, on the, one axis over here, and then on the y axis, the growth prospect.

Key themes discussed

• South African macro and politics
• US elections and policy
• artificial intelligence in investing
• bear markets and recessions
• emerging markets
• equity opportunities
• Donald Trump
• JSE

Macro and market context

And then you've still got the lingering issues around global, global macro, the after effects of qe, this is just one example. We've got a great story on the macro, but there's a huge amount of competition and banks have already rallied quite a lot.

Companies, sectors and ideas mentioned

• Discovery
• Gold Fields
• Naspers
• Donald Trump
• JSE
• South African Reserve Bank
• South African
• Robin Waley
• Jane Street
• Ro Rhodes Food Group

Rezco's risk and portfolio views

I'm just saying our investment philosophy, this does not fit into our, our way of viewing a proper client portfolio risk managed client portfolio. And so this, this philosophy has been the philosophy since inception, of, of Rezco. We've got the valuation of price, earnings ratio in its simplest form on the, on the, one axis over here, and then on the y axis, the growth prospect.