Why 2022 Will Be More Like 2000 Than 2021

Rezco Asset Management hosted an investment webinar on 14 February 2022, 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 why 2022 will be more like 2000 than 2021. 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 Why 2022 Will Be More Like 2000 Than 2021 and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Global Equity Fund, Rezco Multi-Asset funds, Rezco SA Equity Fund and related portfolio themes. We think the growth is probably lower than expected for essay and they are some cheapest shares that look they look they're on decent value.

Key themes discussed

• South African macro and politics
• bear markets and recessions
• emerging markets
• equity opportunities

Macro and market context

There's a problem sitting here this repressing of of interest rates and QE is you can't just ignore World sitting at a high inflation 40 years. The market and economy gets bombed out and then it starts recovering, because normally, you have the recession and then Central bank's cats interest rates and you start stimulating growth and you get this kind of reflationary environment after recession where and interest rates are generally low and inflation starts coming back.

Companies, sectors and ideas mentioned

• Berkshire Hathaway
• Donald Trump
• Jerome Powell
• European Central Bank
• Federal Reserve
• JSE
• Yeah Summoner
• Envy Taffy
• So Equity
• Equity Funds

Rezco's risk and portfolio views

That's a great that's a big the weight of probability sits on and so you don't want to try and capture that upside while taking downside risk. But because the global risk until the probability to to the downside and you don't have kind of a structural economic growth in South Africa to fall back on so yeah, that's a concern for us. We think the growth is probably lower than expected for essay and they are some cheapest shares that look they look they're on decent value.