SA Macro Trends

Rezco Asset Management hosted an investment webinar on 3 August 2023, 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 sa macro trends. 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 SA Macro Trends and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Managed Plus, Rezco Multi-Asset funds, Rezco SA Equity Fund and related portfolio themes. So generally if, if, study of finance or macro economics, it would be better that local pensions and banks and that were funding funding the, the, the bonds from the government.

Key themes discussed

• South African macro and politics
• US elections and policy
• artificial intelligence in investing
• bear markets and recessions
• cryptocurrency
• emerging markets
• Federal Reserve
• South African Reserve Bank

Macro and market context

So generally if, if, study of finance or macro economics, it would be better that local pensions and banks and that were funding funding the, the, the bonds from the government. There, there's funny ones that I'll, I'll pull out, ergen, he declares himself the interest enemy of interest rates, emergency meeting to talk about interest rates.

Companies, sectors and ideas mentioned

• Apple
• Discovery
• Federal Reserve
• South African Reserve Bank
• US Treasury
• South African
• Liz Trusts
• Saudi Arabia
• Ve Venezuela
• Pala Pala

Rezco's risk and portfolio views

But what you're actually doing is you, is you're taking away the protection from tail risk as a South African investor. So, so the question is, don't you think that you guys are morphing, your business model into being an insurance to be included into portfolios by looking at tail risks mostly? Company earnings then fell only once they stopped hiking, then the stock market responded fell.