SA Inc

Rezco Asset Management hosted an investment webinar on 14 August 2024, 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 inc. 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 Inc 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 what I've got here, as I've got the sectors, on the left is the, the Aussie on the right is our, the, the Rezco equity Fund allocation to that sector.

Key themes discussed

• South African macro and politics
• US elections and policy
• bear markets and recessions
• emerging markets
• equity opportunities
• gold and precious metals
• Ebrahim Patel
• Federal Reserve

Macro and market context

We do see the benefit in the global, environment, the geopolitical, the macroeconomic kind of around monetary policy and and the dollar and so forth. But Carl, if I just had to break that down into two components, there's the South African components and then there's the global, and especially the US and kind of monetary policy and inflation cycle issue.

Companies, sectors and ideas mentioned

• Discovery
• Microsoft
• Naspers
• Nvidia
• Standard Bank
• Ebrahim Patel
• Federal Reserve
• JSE
• South African Reserve Bank
• South African Inc

Rezco's risk and portfolio views

The move from there to to to over here is simply saying that that negative tail risk has been reduced substantially, but we see over multiple years it's, it's hard work ahead. You can't quite see the, the lower risk in a, in a line chart, but there's a low volatility, lower correlation and so forth, risk of being the, the red line versus versa cap success. So what I've got here, as I've got the sectors, on the left is the, the Aussie on the right is our, the, the Rezco equity Fund allocation.