Hunting Opportunities

Rezco Asset Management hosted an investment webinar on 29 November 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 hunting opportunities. 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 Hunting Opportunities 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. They, they might just be stuck or maybe can they, they work their way out this multi-decade issue that they've got, around their fixing their, their their interest rates and some inflation and the, and the QE that they've been doing.

Key themes discussed

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

Macro and market context

They, they might just be stuck or maybe can they, they work their way out this multi-decade issue that they've got, around their fixing their, their their interest rates and some inflation and the, and the QE that they've been doing. 8% earnings growth the next two years, soft landing, it's the economy doesn't go into recession, but it's about a 1% GDP growth, 4% earnings, growth the next year.

Companies, sectors and ideas mentioned

• Apple
• Microsoft
• Nvidia
• Tesla
• Donald Trump
• Jerome Powell
• Joe Biden
• European Central Bank
• Federal Reserve
• South African Reserve Bank

Rezco's risk and portfolio views

But what's happened is the probabilities have shifted, more towards the soft landing, no landing, and the tail risks have decreased somewhat, in, in the way that we're assessing the data that's been released. But the problem is, in order to, to try and get that return, you've taken this risk of this big drawdown. 8% earnings growth the next two years, soft landing, it's the economy doesn't go into recession, but it's about a 1% GDP growth, 4% earnings, growth the next year.