Not Out the Woods Yet

Rezco Asset Management hosted an investment webinar on 18 November 2020, 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 not out the woods yet. 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 Not Out the Woods Yet and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Global Equity Fund, Rezco Managed Plus, Rezco Multi-Asset funds and related portfolio themes. If you start getting inflation, you, you, you've gotta start mopping up the QE, which can be very, very bad for, for investment markets.

Key themes discussed

• South African macro and politics
• US elections and policy
• artificial intelligence in investing
• bear markets and recessions
• cryptocurrency
• emerging markets
• Donald Trump
• European Central Bank

Macro and market context

If you start getting inflation, you, you, you've gotta start mopping up the QE, which can be very, very bad for, for investment markets. GI given all this qe, and so Daniel, Daniel, so an important question, inflation, and we didn't, we didn't put a specific slide on it, but we are, the, the big risk of QE when we say what could go wrong is inflation coming through.

Companies, sectors and ideas mentioned

• Standard Bank
• Donald Trump
• European Central Bank
• Federal Reserve
• South African
• This Time
• Eight Centuries
• Great Depression
• Moderna Biotech
• Pfizer Pfizer

Rezco's risk and portfolio views

So we are very cognizant of the negative tail risk that this huge stimulus creates. You, you've got with markets at record levels, you've got more downside risk than then, then, then, then you have got upside opportunity. The markets, obviously with technology and with more competition has competed away those kinds of sitter type earnings growth, pe quality value shares.